Question

research about managerial accounting using this factor :

1- Management accounting and profit planning

Cost volume profit analysis and profit planning

1/2 Budgeting and profit planning

2- management accounting and decision making

2/1 Pricing decisions 2/2 outsourcing decisions

2/3 Adding new product 2/4 Deleting a segment

2/5 optimal allocation of limited resources

3- Management accounting and control

3/1 Responsibility Accounting

3/2 Performance Evaluation

applied in banking sector

Answer 1

1. Management accounting :Managment accounting collects and provides accounting, cost accounting, economic and statistics information to the men at various level to assist them in the performance of managerial functions and their evaluation. It is the development and application of various techniques of recording,analysis, interpretation, and presentation, making the finacial, costing, and other data active and effective in the performance of managerial function, viz., planning, decision making and control .

Definition of Managment Accounting :

ROBERT ANTHONY has defined that "Managment accounting is concerned with accounting information which is useful to Managment "

Objective of Managment Accounting :

1) To formulate planning and policy :Planning involves forecasting on the basic of available information, setting goals, framing polices determining the alternative course of action and deciding on the program of activities.

2)To Interpretation of finacial documents :Managment accounting is to present financial information to the Managment .Financial informatiom must be presented in such away that it is easily understood .

3)To assist in decision making process : Managment accounting makes decision making process more scientific with the help of various modern techniques .

4)To provide report : Managment accounting keeps the Managment fully informed about the latedt position of the concern through reporting .

Profit Planning :

There are four ways in which profit performance of a business can be improved

a) by increasing volume,

b) by increasing selling price,

c) by decreasing variable costs and

d) by decreasing fixed costs.

Profit planning