Management Accounting
/ˈmænɪdʒmənt əˈkaʊntɪŋ/
Definitions
- (n.) The process of preparing and analyzing financial information to assist internal decision-making within an organization, particularly for budgeting, performance evaluation, and cost control.
Management accounting provides managers with timely financial reports to guide strategic decisions.
Forms
- management accounting
Related terms
See also
Commentary
Primarily concerns internal users and decision-making vs. financial accounting which targets external stakeholders; often emphasized in corporate and regulatory compliance contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.