Question

Explain the functions of management accounting

Answer 1

ANSWER
......

THERE ARE THE 4 FUNCTIONS WHICH ARE AS FOLLOWS....

1. ORGANISING

2. CONTROLLING

3. DECISIONS MAKING

4. PLANNING

Answer 2

The functions of Management accounting are:-

• Forecasting and Planning: It forecasts and plans the short-term and the long-term planning.
• Organizing: It helps in the organization of both the human and nonhuman resources of an organization.
• Coordination: It facilitates coordination by providing various tools.
• Financial analysis and interpretation: It provides the reports with comments and suggestions in regards to the financial affairs of the organization.