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MANAGEMENT AND ACCOUNTING WEB |
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National Association of Accountants. 1981. MAP committee promulgates definition of management accounting. Management Accounting (January): 58-59. Note by James R. Martin |
NAA's management accounting practice committee defined management accounting as follows.
| "Management accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for nonmanagement groups such as shareholders, creditors, regulatory agencies, and tax authorities." |
A proposed new definition from the IMA. 2008. Draft statement on management accounting. Strategic Finance (August): 48.
| "Management accounting is a professional discipline that has an integral role in formulating and implementing the organization's strategy." |
| MAAW's Chapter 1 | Terminology Main Page | Controllership Main Page |
