Management Accounting (Part I)
Management accounting is defined by the National Association of Accountants (NAA) is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information, which is used by management to plan, evaluate and control within an organization. It ensures the appropriate use of and accountability for an organization’s resources. Management accounting also comprises the responsibility for the preparation of financial reports for non-management groups such as regulatory agencies and tax authorities. Simply stated, management accounting is the accounting for the planning, control, and decision-making activities of an organization.
TBA for Fall 2018 - 2019