Topic: The important of management accounting

Name: CHEE, TZE LING
Course: 2014FA_ACG2071_01
Article link http://smallbusiness.chron.com/management-accounting-important-decisionmaking-53947.html Summary: Business professionals involved in management accounting have come a long way since the early days of management accounting in the 1800s. Today, management accounting professionals play a key role in many organizations. All accounting functions report to this individual, including the cost accountants, the financial and tax accountants, the internal auditors, and systems support personnel. Though much management accounting originates within these positions, all decision makers in the organization must understand how to create and use good management accounting information. The purpose of management accounting in the organization is to support competitive decision making by collecting, processing, and communicating information that helps management plan, control, and evaluate business processes and company strategy. In that ways, it helps the manager to provisions of accounting information in order to better inform themselves before they make a decision. Today, Many Company use management accounting as a guide line to keep in eye in the business performance. They also used to determine what should be sold and how to sell it. For example, small business owner may be unsure where he should focus his marketing efforts. To evaluate this decision, an accounting manager