MANAGEMENT ACCOUNTING Definition

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MANAGEMENT ACCOUNTING is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies, and tax authorities.

Learn new Accounting Terms

G as the fifth letter of a Nasdaq stock symbol indicates that the issue is the first convertible bond of the company.

T/T is a payment or financial transaction designation meaning "Telegraphic Transfer" of funds.

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