Question

प्रबंधन लेखा विधि की प्रकृति व क्षेत्र का वर्णन कीजिये तथा इसका वित्तीय लेखा विधि से
अन्तर करें।
Discuss the nature and scope of Management accounting and distinguish it
from financial accounting​

Answer 1

Answer:

Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking. Thus, it relates to the use of accounting data collected with the help of financial accounting and cost accounting for the purpose of policy formulation, planning, control and decision-making by the management.

Management accounting links management with accounting as any accounting information required for taking managerial decisions is the subject matter of management accounting.