LIMITATIONS OF MANAGEMENT ACCOUNTING

Who is Management accountant?

The officer who is concerned with management accounting function in an organization is known as management accountant.

Functions of management accountant

• To assure physical protection for the business through internal control & proper insurance coverage.
• To consult with all segments of management.
• To administer the tax policies & procedures
• To supervise & coordinate preparation of reports to govt. agencies.
• To compare performance with operating plan & standards & to report and interpret the results of operations to all levels of management and owners of business as well.
• To establish, coordinate, administer an integral part of management, an adequate plan for the control of operations.
• To continuously appraise economic & social forces & govt. influences and interpret their effect on business.