What is the basic content of management accounting?

Management Accounting (Management Accounting), also known as "analytical reporting accounting", is a management term. Management accounting is a branch of business accounting that is separated from the traditional accounting system, and financial accounting, focusing on optimal decision-making for enterprises, improving business management and enhancing economic efficiency.

Management accounting, which includes two major components of cost accounting and management control systems, we study the evolution of technical methods of management accounting, is a historical and developmental perspective, examining the changes and development of various stages of management accounting, combined with the examination of the evolution of the focus of research on management accounting and the future trend of changes in management accounting, and attempt to draw useful insights into the academic research and practical application of management accounting. It attempts to draw useful insights for the academic research and practical application of management accounting.

Management accounting is playing an increasingly important role in the financial management activities of enterprises. Among the core concepts of management accounting, value creation and maintenance are the two most important points. Based on this, management accounting is the most effective tool for the integration of strategy, business and finance in an enterprise.

Expanded Information:

The functional role of modern management accounting extends from the pure accounting of financial accounting to the analysis of the past, the control of the present, and planning for the future organically.

Modern management accounting has expanded its functional role from financial accounting to analyzing the past, controlling the present, and planning for the future.

1, analysis of the past

Management accounting analysis of the past is mainly on the information provided by financial accounting for further processing, restructuring and extension, so that it is better adapted to the planning of the future and control of the needs of the present.

2, control the present

Management accounting in the control of the role of a series of indicators system, timely correction of deviations in the implementation process, so that the enterprise's economic activities in strict accordance with the predetermined track of the decision-making process in a fruitful manner.

3, planning for the future

Prediction and decision-making is the main form of planning for the future, the role of modern management accounting in this regard is: to make full use of the wealth of information, rigorous quantitative analysis to help management objectively grasp the situation, so as to improve the scientific nature of prediction and decision-making.

Modern management accounting analyzes the past, controls the present, and plans for the future, all of which are closely integrated together to form a comprehensive function.

References:

Baidu Encyclopedia-Management Accounting