One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. In other words, management accounting helps the directors inside an organization to … See more

Management accounting information differs from financial accountancy information in several ways:
• while shareholders, creditors, and public regulators use … See more

Consistent with other roles in modern corporations, management accountants have a dual reporting relationship. As a strategic partner and … See more

There are a variety of ways to keep current and continue to build one's knowledge base in the field of management accounting. Certified Management Accountants (CMAs) are required to achieve continuing education hours every year, similar to a See more

The Association of International Certified Professional Accountants (AICPA) states management accounting as a practice that extends to the … See more

The distinction between traditional and innovative accounting practices is illustrated with the visual timeline (see sidebar) of managerial costing approaches presented at the Institute of Management Accountants 2011 Annual Conference.
Traditional standard … See more

Activity-based costing (ABC)
Activity-based costing was first clearly defined in 1987 by Robert S. Kaplan and W. Bruns as a chapter … See more