Question

Management accounting is accounting for effective management is said by whom

Answer 1

According to American Accounting Association "It includes the methods and concepts necessary for effective planning for choosing among alternative business actions and for control through the evaluation and interpretation of performance"

Explanation:

• The accounting team provides executives with information about financial and non-financial decision-making. In management  accounting, managers are better informed before deciding matters within their organisations using the provisions of accounting details to enable them to better manage & perform control functions.
• Management accounting is called the part of accounting that assists managers in decision-making to provide accounting information. Accounting management is a special accounting branch. It is an advanced new science accounting technique. "Management accounting" is "accounting" for "effective management".