Difference between revisions 7316625 and 8061062 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:
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One of the more innovative accounting practices available today is [[Resource consumption accounting]] (RCA).  RCA has been recognized by the [[International Federation of Accountants]] (IFAC) as a ''“sophisticated approach at the upper levels of the continuum of costing techniques”''<ref name=IGPG_Eval>{{cite journal|coauthors=Professional Accountants In Business Committee|title=International Good Practice Guidance: Evaluating and Improving Costing in Organizations|url=http
s://www.ifac.org/publications-resources/evaluating-and-improving-costing-organizations-0 Professional Accountants in Business Committeeknowledge-gateway/preparing-future-ready-professionals/publications/evaluating-and-improving-costing-organizations|date=July 2009|pages=42|accessdate=10 November 2011|page=24|publisher=International Federation of Accountants|location=New York}}</ref> because it provides the ability to derive costs directly from operational resource data or to isolate and measure unused capacity costs.  RCA started by taking the best costing characteristics of the German management accounting approach Grenzplankostenrechnung (GPK), and combining the use of activity-based drivers when needed, such as those used in Activity-based costing.  With the RCA appr(contracted; show full)
* [http://accounting.technologyevaluation.com/?km=1&kmt=ec Practical Managerial Accounting Service] {{Webarchive|url=https://web.archive.org/web/20121113145222/http://accounting.technologyevaluation.com/?km=1&kmt=ec |date=2012-11-13 }} - Information in managing your time effectively and swiftly

==References==
{{Reflist}}

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