Question

Busque una noticia con un tema relacionado a la clase de Contabilidad Gerencial y haga un analisis minucioso sobre la misma.

Incluya lo siguiente en su trabajo:

Portada

Introducción

Análisis de la Noticia

Conclusión

Look for a news item with a topic related to the Management Accounting class and do a thorough analysis on it.

Include the following in your work:

Cover page

Introduction

Analysis of the News

conclusion

Answer 1

News related to managementa acconting

• Sebi takes steps to increase MF managers' accountability; tightens disclosure norms.
• Idea, Vodafone consolidate postpaid customers on single platform to manage accounts, services.
• Institute of Management Accountants expands network in India.

Introductions

Management accounting is the process of preparing reports about business operations that help managers make short-term and long-term decisions. It helps a business pursue its goals by identifying, measuring, analyzing, interpreting and communicating information to managers.

The main functions of management accounting include:

1. Helping to forcast the future

2. Helping in making or buy decisoins

3. Forcasting cashflow

4. Helping understand performance variance

5. Analyzing the rate of return

Management accounting system -

Internal management accounting systems are used to provide critical information to management to be used in operational business decision-making. A manufacturing company might use these systems to help in the costing and managing of their process. A hospital might use management accounting systems to assist them in insurance billing and other in-house requirements.

These systems vary within the industries they are used within and allow for functionalities and reports specific to that industry.

Role of management acconting

Management accounting helps managers within a company make decisions.

Also known as cost accounting, management accounting is the process of identifying, analyzing, interpreting and communicating information to managers to help achieve business goals.

The data collected encompasses all fields of accounting that informs the management of business operations relating to the costs of products or services purchased by the company. Management accountants use budgets to quantify the business’ plan of operations.

Performance reports are used to note the deviation of actual results compared what was budgeted.

In conclusion, management accounting ensures the transformation process from inputs, through the production process to output is viable, and it plays a principal role in management decision-making.