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Essay text:
A major activity included in the management accounting is the measurement of costs of processes that create value.
Management accounting is performed inside organizations. It is the internal business-building role of accounting and finance professionals, who design, implement, and manage internal systems that support effective decision support, planning, and control over the organization's value-creating operations. Management accounting and finance professionals directly support an organization's strategic goals. Management accounting focuses on the real internal economics of the enterprise ? creating new business, optimizing existing business processes, and analyzing customer value ? that create long-term, sustainable value...
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Common topics in this essay:
- Accountants and Auditors
- discuss the role of the financial accounting and managerial accounting functions in organizations
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