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About Icaew - Ma1 - Lecture Notes - For Students
This document provides an overview of management information and cost accounting. It discusses how cost accounting provides historical cost data to assess profitability and determine selling prices, as well as forecast future costs. While cost accounting was originally focused on accumulating costs, it now also helps with planning, control, and decision making. A cost accounting system provides cost information for establishing inventory values, profits/losses, balance sheets, planning, and control. It discusses the differences between financial accounting and management accounting, with management accounting focusing more on aiding management's decision making process through both monetary and non-monetary measures.
Detailed Information
| Author: | ['Tung Hoang'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 101 |
| Language: | English |
| Format: | |
| Price: | FREE |
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