Difference between revisions 4918677 and 6174914 on simplewiki

{{complex|date=September 2011}}
'''Management accounting''' or '''managerial accounting''' gives [[accounting]] information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.

In contrast to [[financial accountancy]] information, management accounting information is:
(contracted; show full)much of their profits from the information economy, such as banks, publishing houses, telecommunications companies and defence contractors. Information technology costs are often the greatest corporate cost after total compensation costs and property related costs. Management accounting in such organizations work closely with the IT department to provide [[IT Cost Transparency]].<ref>* "Taking Control of IT Costs". Nokes, Sebastian. London (Financial Times / Prentice Hall): March 20, 2000. 
{{ISBN  |978-0-273-64943-4}}</ref>

Given the above, one widely held view of the progression of the accounting and finance career path is that financial accounting is a stepping stone to management accounting. Consistent with the notion of value creation, management accountants help drive the success of the business while strict financial accounting is more of a compliance and historical endeavor.

===An alternative view===
(contracted; show full)
* [http://www.accountpayee.com/accountpayee/support.html Accounting Practice Management Software Solutions] - External resource on additional management practice solutions
* [http://accounting.technologyevaluation.com/?km=1&kmt=ec Practical Managerial Accounting Service] - Information in managing your time effectively and swiftly

==References==
{{Reflist}}

[[Category:Management]]
[[Category:Accounting]]