1. Historical Perspective of Management Accounting
Abstract Management accounting has been defined as the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers fulfill organizational objectives its not just about money. It's about control. This paper will give the historical view of management accounting. Traditionally, management accountants' principal cost control technique was variance analysis, which is a systematic approach to the comparison of the actual and budgeted costs of the raw materials and labor used during a production period. While some f...
- Word Count: 3169
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate
