What is Management Accounting Concept? What is Management Accounting?

Can I hv some basic outline of Mgmt Accounting? What does it involve? Where can I find more online material on Mgmt Accounting?

Answer:
Managerial Accounting

The process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals.

This is also known as "cost accounting."
www.mgmtaccounting.com
The difference between Financial and Management Accounting is that for Financial, what you are producing, Financial Statements, can be used by people outside the company (Creditors, banks, stockholder), while Management, what you are producing, internal reports for inventory valuation, decisions on pricing, are only used by people inside the company.

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