Management accounting

Management accounting is a type of accounting that company managers and administrators use to understand their company’s management status and make management decisions.


Specifically, it includes the calculation of product costs, budget creation, and performance evaluation. Its purpose is to provide information for management decisions. Also, management accounting mainly uses internal company information and is performed at the discretion of the company, so there is no obligation to disclose it.


Management accounting is an important tool for managers to make management decisions. However, unlike financial accounting, it aims to manage the internal affairs of the company, and its purpose differs from financial accounting, which targets external stakeholders of the company.

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