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.
Table of Contents1 What is Marginal Cost?2 Marginal Cost Definition3 Marginal Cost Meaning4 Marginal Cost Example5 Features of Marginal Costing6 Advantages of Marginal Costing6.1 Simplicity6.2
Table of Contents1 Classification of Cost1.1 Natural Classification of Cost1.1.1 Direct Material Cost1.1.2 Indirect Material Cost1.1.3 Direct Labour Cost1.1.4 Indirect Labour Cost1.1.5 Direct Expenses Cost1.1.6
Table of Contents1 What is Cost Accounting?2 Cost Accounting Definition3 Scope of Cost Accounting3.1 Costing3.2 Cost Accounting3.3 Cost Analysis3.4 Cost Comparisons3.5 Cost Control3.6 Cost Reports3.7
