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Management accounting also is known as managerial accounting and can be defined as a process of providing financial information and resources to the managers in decision making. Learn meaning of management accounting, objectives, advantages and disadvantages here.
Nov 16, 2019 · You can download PDF of NCERT Revision Notes for Class 7 will provide a quick glimpse of the chapter and improve the learning experience. To view these notes you only have to click on the respective chapter names and start reading.
ncial information to the management. The management accounting presents accounting information in an intelligible manner and explains with the help of statistical devices like charts.
In Chapter 1 management accounting is defined as processes and techniques that are focused on the effective use of organisational resources to support managers in their task of enhancing both customer value and shareholder value.
- Meaning of Management Accounting: The term Management Accounting consists of two words “Management” and “Accounting”. It is the study of managerial aspects of accounting.
- Nature of Management Accounting: ADVERTISEMENTS: Though Management Accounting is the latest branch in the accounting arena, it may be regarded partly as a Science and partly as an Art.
- Characteristics of Management Accounting: ADVERTISEMENTS: The objective of Management accounting is to record, analyse and present financial data to the Management in such a way that it becomes useful and helpful in planning and running business operations systematically and effectively.
- Objectives and Functions of Management Accounting: Main objective of management accounting is to help the management in performing its functions efficiently.
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Chapter wise Revision Notes for Class 7 Science. Chapter 1 – Nutrition in Plants Revision Notes; Chapter 2 – Nutrition in Animals Revision Notes; Chapter 3 – Fibre to Fabric Revision Notes; Chapter 4 – Heat Revision Notes; Chapter 5 – Acids, Bases and Salts Revision Notes; Chapter 6 – Physical and Chemical Changes Revision Notes