Page 9 - MAC4861_2 Costing Class Slides Part 1

TEST 3 - COSTING

Introduction

• Management accounting deals with accounting

information within the organisation, focussing on

critical information

• so that operational and strategic planning can be

undertaken,

• decisions can be made, control can be exercised

and problems addressed.

• There is no formal framework which regulates

management accounting.

• A logical mind and approach is, however, required to

deal with the aforementioned focus areas.

9