Management accounting is the accounting system for making decisions of the business enterprise. Management accounting furnishes the necessary information to assist the business enterprise to make rational decisions through the development of policies and procedures in order to meet the day to day commitments of the enterprise.
Budgetary control is the planning in advance of the various functions of a business so that the business as a whole can be controlled.
Standard Costing is the preparation and use of Standard costs, their comparison with actual costs and analyzing of variances to their causes and points of incidence.
What is Marginal Cost? Marginal Cost is a technique of cost accounting which pays special attention to the behavior of costs with changes in the
What is Cost Accounting? Cost Accounting is defined as the process of accounting for cost which begins with the recording of income and expenditure or