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What is Management Accounting?

✅ SUBSCRIBE to our channel https://www.youtube.com/theaccounting... ➡️ LEARN accounting with us today https://www.theaccountingstudent.co.uk WHAT IS MANAGEMENT ACCOUNTING? Management accounting is the presentation of current and future financial information of a business. This is shown through the budgeted or projected reports such as the financial statements. The reports will show an estimate of the profits or losses of the business that could happen. But this will depend on the predicted variables including: the selling price of the goods or services, the volume of the goods and services to be sold, and also the costs involved in these goods and services. The reports for management accounting are made for internal use and are adapted to the needs of decision-makers such as management. Because of this they are not released publicly and there are no standards that need to be met. This video will help you with questions such as what is management accounting, what is management accounting in english, what is management accounting and reporting, what is management accounting theory, what is management accounting definition, what is management accounting explain, what is management accounting explainer, what is management accounting basic, what is management accounts, what is management accountancy. DISCLAIMER Our content is to be used as an EDUCATIONAL TOOL that aims to provide a foundation for individuals to learn financial accounting, management accounting and bookkeeping topics as practiced in the United Kingdom. As a result, not all complexities are shown or provided. Examples may include but are not limited to; differences between financial reporting, accounting standards or tax treatments. We are NOT ENGAGED in the providing of accounting, bookkeeping, financial, investment, tax, or other professional services. You should consult with a qualified or professional such as an accountant, business advisor, investment specialist, lawyer, solicitor, etc., with regards to specific facts and situations. Copyright © 2024 The Accounting Student #introductiontoaccounting #accountingbasics #managementaccounting