Question

Who coined the term management accounting?

Answer 1

Hey dear.......

Here is your answer.......

✔️SIMMONDS coined the term management accounting in 1950.....


...... ALONE BUT HAPPY.......

Hope it helps you!!!!

Answer 2

Management accounting was first introduced by James H. Bliss.

In 1950, the phrase "Management Accounting" was first used. James H. Bliss was the first to establish management accounting.

What does the term "management accounting" mean?

• The act of creating reports regarding a company's operations to aid managers in making both immediate and long-term decisions is known as management accounting.
• By recognising, measuring, analysing, interpreting, and conveying information to managers, it aids a firm in achieving its objectives.
• A company's managers use management accounting to aid in decision-making.
• The variance between actual results and budgeted results is noted in performance reports.

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