What are the main functions of management accounting? What are the main functions of management accounting?

1. Responsibilities of management accounting: accurately carry out transaction processing, be responsible for enterprise performance management, advocate management processes, analyze financial data to support better decision-making, make long-term plans through budget and forecast, manage liquidity and analyze financing alternatives, evaluate capital investment and enterprise mergers and acquisitions, identify risks and implement internal control, promote business behaviors conforming to professional ethics, and act as strategic business partners.

2. Management accounting is different from traditional financial accounting. Traditional financial accounting mainly focuses on bookkeeping, auditing and accounting, and measures the wealth of enterprises. The work is single and easy to be replaced by high technology, and management accounting (CMA) is the strategist behind the enterprise based on budget decision-making, cost control and risk prediction.

3. Management accountant is an internal risk controller, which can not only improve enterprise performance and change the traditional thinking mode in the financial field, but also effectively avoid risks and realize cost control, risk management, investment and financing, cash flow control and resource management.

4. The analytical methods in management accounting, such as economic profit analysis, time value calculation of money, capital cost analysis, cost-volume-profit analysis and economic added value analysis, are more scientific and reasonable than the financial accounting analysis method based on historical cost in correctly evaluating the company's performance and scientifically analyzing the return and value of investment projects. Therefore, management accountants can effectively improve the ability of financial decision support.