Q:- What is management accounting .What are the scope , nature , function & importance and limitation of management accounting .?
Ans . Management accounting is an art of work done through other and accounting is art of recording , classification and summarising the business transaction .
1 According to me ,” Management accounting is concept with accounting information that is useful to management .”
Characteristics /function /use/ objects /Importance
- Proper planning through providing accounting information
- Controlling through cause and effect analysis
- Use of special techniques and concepts
- Taking some important decisions
- provide information
- Helpful in organizing
- increasing efficiency
- helpful in communication
- helpful in co-ordination
- helpful in forecasting
