What does traditional management accounting include?

The content of traditional management accounting is to analyze the past, control the present, and plan for the future. The information provided by traditional management accounting is more financial information, ignoring the impact of non-financial information on the enterprise, causing enterprise managers to ignore many important factors such as the market and management strategy.

Management accounting is the abbreviation of cost management accounting and is a management term. Management accounting is a branch of corporate accounting that is separated from the traditional accounting system and is parallel to financial accounting. It focuses on making optimal decisions for enterprises, improving business management, and improving economic efficiency services. In this regard, management accounting needs to be based on the needs of enterprise management departments to prepare plans, make decisions, and control economic activities, record and analyze economic operations, collect and report management information, and directly participate in the decision-making control process.