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Discussion on the importance of management accounting to an organisation. -provide four importance / usefulness of...

Discussion on the importance of management accounting to an organisation.
-provide four importance / usefulness of management accounting to an organisation.

Homework Answers

Answer #1
  • Management accounting presents different charts, forecasts, and analysis which the management uses for decision making.
  • If a product is not performing well the management can identify it as soon as possible as the accounts are presented at regular intervals with the management accounting.
  • Based on the information presented in management accounting, the organization can make decisions about continuing a product or modifying the sale strategy of the product.
  • Management accountants can help the organization make the right decision by letting know exactly how much the organization can afford to spend on staffing, and the returns it can expect from the investment in personnel.
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