what is meant by management accounting techniques?
Other - Business & Finance - 1 Answers
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Answer 1 :
Hello, (ANS) Management Accounting techniques are used to control a company with the focus on managing the flow of its money. So MA looks at how the company can be managed more successfully by examining what the company spends (what its costs are, salarys, services, products, assetts like computers & cars,etc) What the turn over of the company is, how much profit it made in the financial year, what it cost to make that level of profit and so forth. **In the simplest terms its how to control a company by controlling its money flows. IR
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