Briefly describe the five functions of management accounting.

1. Participating in enterprise economic decision-making is the center of enterprise management and the main responsibility of each department. How to provide accurate decision-making information for enterprise decision-makers is one of the central tasks of various functional management departments. Management accounting, as the financial strategist of an enterprise, should make an early prediction on the long-term and short-term investment, production and pricing of an enterprise by using dynamic and static index methods such as cost pattern analysis, cost-volume-profit analysis and so on.

2. Performance evaluation function. Management accountants can make a comprehensive and objective evaluation of the operating performance and financial status of enterprises by using various indicators, so as to make an accurate evaluation of the performance of enterprises and provide effective management schemes for enterprises.

3. Control the economic process. The role of management accounting in controlling the economic process is to organically combine the pre-control of the economic process, determine various scientific and feasible principles in advance, analyze the reasons according to the deviation between reality and plan in the implementation process, and take timely measures to adjust and improve the work to ensure the normal operation of economic activities.