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The Role of Managerial Accounting in the Management Process

Author

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  • BUFAN Ioana-Diana

    (West University Of Timisoara)

Abstract

The process of accounting is in charge with identifying, measuring and communicating economic information in order to allow its users to make the correct decisions and judgments. First of all, it is important to distinguish between the two branches of accounting: managerial accounting, which deals with internal users of accounting information, and financial accounting, which provides information to external users. On the other hand, the concept of cost accounting is different from the one of managerial accounting, because it deals with the aggregation of costs that are used in valuation of stocks in order to meet external reporting requirements. Considering the functions of the management process, management accounting plays an important role in helping managers to lead the organization in an efficient way, regarding any of these functions.

Suggested Citation

  • BUFAN Ioana-Diana, 2013. "The Role of Managerial Accounting in the Management Process," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 73-76, May.
    • Handle: RePEc:tdt:annals:v:xix:y:2013:p:73-76
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2013/Lucrari_vol_XIX_2013_011.pdf
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    More about this item

    Keywords

    accounting information; cost accounting; financial accounting; managerial accounting; management process;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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