Question

Who coined the concept of management accounting

Answer 1

The concept of management accounting is coined by Simmonds in 1981 .

Answer 2

James H. Bliss coined the concept of management accounting.

• Preparing reports about business operations that help managers make short-term and long-term decisions is known as Management accounting.
• Management accounting helps a business pursue its goals by identifying, analyzing, measuring, and communicating information to managers.
• The function of management accounting is to help forecast the future.
• It is also known as cost accounting.