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Wednesday, 25 October 2017

Role of Management Accountant in Business/Organization




Management accounting information helps the management of organization to make decision about organization so that to fulfill its objectives.
Management Accountant are also named as a Cost Accountant, Industrial Accountant or Corporate Accountant etc.

Management Accountants can provides wide range of services within organization which includes:
·        Making Budgets
·        Handling Tax related matters of Company
·        Assisting management in strategic planning
·        Prepare Financial statement of Company
·        Costing  of product
·        Determine the transfer pricing between department

·        Perform various types of data analysis e.g. Variance Analysis, Breakeven point analysis etc. as per the requirement of company’s management.