Management or Cost Accounting
In reviewing the literature and the preoccupation with financial accounting, management or cost accounting seems to either get forgotten or ignored. But it is an important discipline in an of itself with a role that in many respects equals or exceeds that of financial accounting.
Management accounting includes identifying the information needs of management and developing the systems required to meet those needs, such as planning, forecasting, budgeting, cost and revenue management, and performance measurement.
Management or cost accounting can be looked at from a few perspectives:
- Cost management
- Management reporting needs and systems
- Organizational performance management
- Planning, budgeting, and forecasting
So for those that have an interest in the field of management accounting, resources will be provided for that branch of accounting as well.