What Are Its Objectives Of Management Accounting?

1.	What Are Its Objectives Of Management Accounting?
Answer» Measuring PERFORMANCE: Management accounting MEASURES two types of performance. First is employee performance and the second is efficiency measurement. The ACTUAL performance is measured with the standardized performance and a report of deviation from the standard performance is reported to the management for the effective decision making and also to indicate the effectiveness of the methods in use. Both types of performance management are used to make corrective actions in ORDER to IMPROVE performance. Assess Risk: The aim of management accounting is to assess risk in order to maximize risk. Allocation of Resources: is an important objective of Management Accounting. Presentation of various financial statements to the Management.

Answer»

Measuring PERFORMANCE: Management accounting MEASURES two types of performance. First is employee performance and the second is efficiency measurement. The ACTUAL performance is measured with the standardized performance and a report of deviation from the standard performance is reported to the management for the effective decision making and also to indicate the effectiveness of the methods in use. Both types of performance management are used to make corrective actions in ORDER to IMPROVE performance.
Assess Risk: The aim of management accounting is to assess risk in order to maximize risk.
Allocation of Resources: is an important objective of Management Accounting.
Presentation of various financial statements to the Management.

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