Finance &
Accounting
Block 4 Summary
RUAS
2020/2021
1
, Chapter 16 – Management accounting
Management accounting: accounting information systems designed and used internally
to support the achievement of various organizational objectives. There are three
principles:
Assigning decision-making authority
Making and supporting decisions
Evaluating and rewarding performance
To compute how efficient business operations are
Past, current, and future information is collected by a management accounting system to
support various decisions.
2
Accounting
Block 4 Summary
RUAS
2020/2021
1
, Chapter 16 – Management accounting
Management accounting: accounting information systems designed and used internally
to support the achievement of various organizational objectives. There are three
principles:
Assigning decision-making authority
Making and supporting decisions
Evaluating and rewarding performance
To compute how efficient business operations are
Past, current, and future information is collected by a management accounting system to
support various decisions.
2
