Management Accountant.pptx financial and cost

They are responsible for collecting, analysing, and reporting financial information that is used by company leaders to make informed business decisions. Management accountants will work as part of a team to produce budgets and forecasts, while monitoring and reporting the overall performance of a b...

They are responsible for collecting, analysing, and reporting financial information that is used by company leaders to make informed business decisions. Management accountants will work as part of a team to produce budgets and forecasts, while monitoring and reporting the overall performance of a business.Management accounting helps managers within a company make decisions. Also known as cost accounting, management accounting is the process of identifying, analyzing, interpreting and communicating information to managers to help achieve business goals.Managerial accounting evaluates financial data to forecast future performance, while financial accounting uses financial data to understand past performance. While managerial accounting focuses on business decision-making, financial accounting emphasizes financial reporting.