In a broad sense, management accounting can best be defined within the accounting system as:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In a broad sense, management accounting can best be defined within the accounting system as: 


1. Internal reporting that may be used in making non-routine decisions
and in developing plans, and controlling functions.
2. External reporting to government, various outside parties and
shareholders
3. Internal reporting for use in management planning and control with focus on product. 

4. External reporting for use in planning and controlling routine
operations.

 

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