--%>

Features of the management accounting information system

What are the various features of the management accounting information system?

E

Expert

Verified

The various features of management accounting information system are as follows:

a) Recognizing and capturing the relevant information.
b) Recording the information collected in a methodical method.
c) Analyzing and interpreting the collected information collected.
d) Reporting the information in a way which suits the requirements of individual managers.

   Related Questions in Managerial Accounting

  • Q : Comparability-Accounting information

    What do you mean by the term Comparability which is accounting information?

  • Q : Elements of Partnership Three main

    Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr

  • Q : Cash budget A plan for the cash coming

    A plan for the cash coming into and going out of a business. Based on the sale forecast,  the timing and amounts of  cash receipts. Based on forecast of resources necessary to  meet the sale forecast, management budgets the cash disbursements. This proc

  • Q : Explain Full-Absorption Costing

    Full-Absorption Costing: It is a technique of costing that assigns (or absorbs) all labor, material, and service or manufacturing facilities and support costs to products or another cost objects. The costs assigned comprise those which do and do not d

  • Q : Changing business landscape What do you

    What do you mean by the term changing business landscape?

  • Q : Appropriations The term used in

    The term used in governmental accounting to identify amounts that the governmental unit is authorized to spend for debt repayment, operating activities, and asset acquisition. The appropriations account is a budgetary account that acts as a control account for all budgeted expenditures. More usua

  • Q : Human relation discuss the limitations

    discuss the limitations of human relations approaches to management

  • Q : VAT entry How to make a VAT entry in

    How to make a VAT entry in books including set off?

  • Q : Define partnership A partnership is

    A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’

  • Q : Aging of Accounts What are Aging of

    What are Aging of Accounts? Briefly illustrate it.