Acca financial Accounting (FA) Study Text ac ca (FA)

Management accounting 

Management require much more detailed and up-to-date information in 

order to control the business and plan for the future. Management needs 

to be able to cost-out products and production methods, assess 

profitability and so on. In order to facilitate this, management accounts 

present information in any way which may be useful to management, for 

example by operating unit or product line. 

Management accounting is an integral part of management activity 

concerned with identifying, presenting and interpreting information used 

for: 

•

 formulating 

strategy 

•

 

planning and controlling activities 

•

 decision 

making 

•

 

optimising the use of resources.