3 Meaning and Functions of Management Accounting Detailed study report

Management Accounting Management accounting is the process of assist in management for doing the managerial activities more efficiently and effectively. It is concerned with the accounting information which will be used for proper functioning of management. The American Accounting Association defines "Management accounting is the application of appropriate techniques and concepts in processing historical and projected economic data of any entity to assist management in establishing plans for reasonable economic objectives in the making of rational decisions with a view towards these objectives". The management accounting provides the managerial...

9 Scope of Business and management studies- Meaning, elements, steps, scope with picture gallery

Business Business is a process of exchanging goods and services between the buyers and sellers. Business is an economic system in which goods and services are exchanged for money from one party to another. Business is an economic activity that deals the production and distribution of goods and services with the aim of earning profit. Process of Business The main characteristics of business is as follows:- 1) Business is a process of exchange of goods and services for the purpose of earning money. 2) Earning profit is the main aim of every business.. 3) Business is a continuous transactions between the buyers and sellers. 4)...