Management accounting

Management accounting is measures, analyzes, and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. It focuses on internal reporting.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Management accounting. Measures, analyzes, and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. It focuses on internal reporting.

According to Managerial Accounting by Braun, Tietz (5th edition),

Management accounting. A profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management m _the formulation and implementation of an organization's strategy.