Concepts / Conventions of Management Accounting The intelligent interpretation of data can provide a basis for drawing fruitful conclusions in the management accounting system. In this way, some
Similarities of Net Present Value and Internal Rate of Return The following are some of the similarities between Net Present Value (NPP) & Internal Rate of Return (IRR).
Advantages of Internal Rate of Return Method A brief explanation of advantages of Internal Rate of Return method is presented below. 1. It considers the time value of
Objectives or functions of Management Accounting The main objective of management accounting is to help the management to take quality decision for controlling the business activities effectively. The
Scope of Management Accounting The main purpose of management accounting is to utilize the accounting information in solving the business problems and taking scientific decisions. Moreover, the scope
13 Important principles of Management Accounting The following are the generally accepted principles of management accounting. 1. Designing and Compiling Accounting information, records, reports, statements and other evidence
Importance of Management Accounting The management required the quantitative information for the performance of planning, control, coordination, motivation, organizing, staffing and the like. The quantitative information should not
Features or Characteristics of Management Accounting The followings are the features or characteristics of Management Accounting. 1. Selective Nature Management accounting selects only few information out of much
Need for Activity Based Costing Generally, Activity Based Costing is necessary to every manufacturing concern. If the existing traditional cost accounting system provide the accurate cost information to
Advantages of Activity Based Costing The following are the main advantages of Activity Based Costing. 1. Activity Based Costing helps to reduce costs by providing meaningful information on
