Question

Demonstrate the various roles of a management accountant in an organization.

Answer 1

Today ,there is revolution of business is going on. Due to this complexity of working business has increased too. To reduced the workload of business functions, business organisation appoints management accountant . the various role of management accountant are follow:-

(a) Evaluation:- Management accountant executes important role as evaluator. He evaluate the company's financial position by help of financial data provided by financial accountant and comparing by others company's datas.

(b) Reporting :- Reporting is one of the most important work of management accountant.he prepare report on different plans by analysing data , past performance ,risk , fulfillment of plan standard by help of different statistical method.

(c) Internal management and controlling :- Management accountant helps in internal mangement and controlling of fund and money by analyzing , preparing budget and report to reduce risk of orginazation.

(d) Supporter of managers:- Management accountant is most important person for managers who works like backbone of management. He guides managers in resource management, business development, cost management, risk management, legal guidance etc .