Management accounting tools: Title image

Quick Guide: Most Important Management Accounting Tools

Small business owners and managers have to make numerous critical decisions every single day. Management accounting tools help them make such decisions by providing data-driven input hence improving decision making for their businesses. In this article, we highlight the most important ones. The 3 most important management accounting tools #1 Financial statement analysis Financial Statement […]

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Title image to introduction of strategic management accounting definition

Strategic Management Accounting Definition: An Introduction

This article will provide an introduction to the strategic management accounting definition. Before delving into the topic, it’s important to state the difference between management accounting and strategic management accounting. Definitions The Chartered Institute of Management Accounting (CIMA) defines management accounting as follows: “management accounting is the sourcing, analysis, communication and use of decision-relevant financial […]

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Proven cost accounting concepts title image

Proven Cost Accounting Concepts

Cost accounting can be seen as the whole process of recording costs in order to support management decision. To maximise its effects, companies use individually designed cost accounting concepts. In this post, I will present a short theoretical overview before showing two examples of such concepts. If you are interested in reading more about how […]

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