Management accounting principles - Wi…
https://en.wikipedia.org/wiki/Management_Accounting_Principles
13 Important principles of Management Accounting Designing and compiling accounting information to meet the needs of the business and/or specific problem Management by exception, which means focusing on the deviations from the standards or plans Control at source accounting, which means identifying and correcting the errors or inefficiencies at the point of origin Accounting for inflation, which means adjusting the financial statements to reflect the changes in the purchasing power of money Use of return on investment, which means measuring the profitability of a project or a division by comparing the net income with the invested capital Utility, which means providing useful and relevant information for decision making Integration, which means coordinating the accounting system with the other functions and activities of the business Absorption of overhead costs, which means allocating the indirect costs to the products or services based on some logical basis 1. Designing and Compiling Accounting information, records, reports, statements and other evidence of past, present or future results should be designed and compiled to meet the needs of the particular business and/or specific problem. ...
Designing and compiling accounting information to meet the needs of the business and/or specific problem
Management by exception, which means focusing on the deviations from the standards or plans
Control at source accounting, which means identifying and correcting the errors or inefficiencies at the point of origin
Accounting for inflation, which means adjusting the financial statements to reflect the changes in the purchasing power of money
Use of return on investment, which means measuring the profitability of a project or a division by comparing the net income with the invested capital
Utility, which means providing useful and relevant information for decision making
Integration, which means coordinating the accounting system with the other functions and activities of the business
Absorption of overhead costs, which means allocating the indirect costs to the products or services based on some logical basis
1. Designing and Compiling Accounting information, records, reports, statements and other evidence of past, present or future results should be designed and compiled to meet the needs of the particular business and/or specific problem. ...
DA: 80 PA: 11 MOZ Rank: 26