Management accounting

Management accounting is primarily concerned with the provision of information to internal managers for the purposes of planning, controlling and decision making.

It generally involves the establishment of cost centres, and often profit centres, with associated budgeting, forecasting and reporting activity.

Management accounting is sometimes also known as cost and management accounting.

See also

• Absorption costing
• Accounts
• Activity-based costing
• Budget
• CertICM
• Corporate financial management
• Cost centre
• Costing
• Direct costs
• Financial reporting
• Fixed costs
• Indirect costs
• Forecast
• Profit centre
• Variable costs