Definitions of management by various author.

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Accounting is an aid to management. Management accounting also is known as managerial accounting and can be defined as a process of providing financial information and resources to the managers in decision making. It is very difficult to give a precise definition of the term management. 2. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.

Home » Accounting Dictionary » What is Management Accounting? Different management authors have viewed management from their own angles moreover, during the evolutionary process of management different thinkers laid emphasis on different expects.

Some important definitions of management accounting by popular management authors “Management accounting or managerial accounting is concerned with the provisions and use of 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.” Management Accounting Definition. Definition: Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals. There have been lot of definitions to it in the past that have tried to define the meaning, objective and scope of management in our lives but none of them has been able to precisely and completely define the scope and meaning of management. The accounting process gives the management body the information necessary for making a decision. this is presentation which includes the functions of management discovered by different authors. Definition of management By Pawel Gautam. It is a system that keeps a record of financial events and analyzes them for presenting reports of the financial result and position of an economic entity. Management accounting is the presentation of accounting information in such a way so as to assist the management in creation of policy and day to day operations of an undertakings.

Management accounting is only used by the internal team of the organization, and this is the only thing which makes it different from financial accounting. Definition of Management by Eminent Authors Management is a word that is quite wide spread and cannot ever have a precise and concise definition. This information is needed for the interested parties; inside or outside of the organization.


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