Relevance of Management Accounting in today"s society
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Relevance of Management Accounting in today"s society

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  • Undergraduate
  • 1872

Short excerpt:

Management accounting is one of the modern business terms or functions evolved during the last few decades. Earlier accounting information was limited to the accounts department employees and the top management. Other departments such as production, quality, technical, marketing, engineering, purchasing etc had little information about the accounting procedures and information. However, the development of scientific management techniques in the corporate world stressed the importance of spreading accounting information to the entire departments of an organization to improve the efficiency of the organization. Earlier financial accounting, cost accounting etc were some of the renowned terms in the corporate world however, at present apart from these accounting systems, management

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