[PDF] COST AND MANAGEMENT MANAGEMENT ACCOUNTING

Why is cost and management accounting important for corporate management?

It is an indispensable discipline for corporate management, as the information collected and presented to management based on cost and management accounting techniques helps management to solve not only specific problems but also guides them in decision making.

What is the importance of accounting in the business sector?

COMPANY ACCOUNTS, COST AND MANAGEMENT ACCOUNTING Finance and accounting have assumed much importance in today’s competitive world of business wherein corporate organisations have to show the true and fair view of their financial position. Thus, the application of accounting in the business sector has become an indispensable factor.

What is the role of a management accountant?

A management accountant play role as an if he or she does the administrator administrative or bookkeeping tasks such as recording transaction or being a cashier. Management accountant would be a doer if he or she run accounting system in day-to-day operational activities. The next role is as a conceptor.

What are the objectives of the accounting course?

Objectives: (i) To provide working knowledge of accounting principles and procedures for companies in accordance with the statutory requirements. (ii) To acquaint the students with cost and management accounting techniques and practices. Detailed contents: PART A: COMPANY ACCOUNTS (50 MARKS) 1.