1. PRESENTATION ON CONCEPTS OF MANAGEMENT ACCOUNTING Presented By:- ShikhaKaushik(144) Monika Chhillar(180) Presented To:- DR. ANAND SHARMA

2. MANAGEMENT ACCOUNTING The Institute of Cost and Works Accountants of India(ICWAI) has defined management accounting as a system of collection and presentation of relevant economic information relating to an enterprise for planning, controlling and decision making.

3. CHARACTERISTICS OF MANAGEMENT ACCOUNTING Useful of decision making Financial and cost accounting information Internal use Purely optional Concerned with future Flexibility in presentation of information

4. SCOPE OF MANAGEMENT ACCOUNTIING Financial accounting Cost accounting Budgeting and forecasting Tax planning Reporting to management Cost control procedures Statistical tools Internal control and internal audit Financial analysis and interpretation

5. FUNCTIONS OF MANAGEMENT ACCOUNTING Planning Coordinating Controlling Communication Financial analysis and interpretation Qualitative information Tax policies Decision making

6. LIMITATIONS OF MANAGEMENT ACCOUNTING Based on historical data Lack of wide knowledge Complicated approach Costly system Developing stage Lack of objectivity

7. DIFFERENCE BETWEEN FINANCIAL ACCOUNTING AND MANAGEMENT ACCOUNTING