"Process of preparing forward-looking information and internal reporting we call management accounting."
By knowing the business activities that have taken place in the past, we enable perspective management
of future activities.
It can be said that management accounting helps users of information within (management at all
levels of responsibility) and outside the company (business owners, shareholders, various creditors, government agencies, etc.)
that based on the collected information that refers not only to the future but also information from the past of the business, they make better and more responsible decisions.
Thus, we can look at accounting as the basis of business decision-making.
What is management accounting?
What is the difference between management and financial accounting?
What are the shortcomings in the structure of business without management accounting?
Why is management accounting necessary in the structure of modern business?