ACCOUNTING
Objectives:
- Planning and policy formation.
- Helps in controlling process.
- Helps in organising.
- Helps in interpretation of financial statements.
- Helpful in decision making.
- Employees motivation.
- Reporting to management.
- Coordinating.
- Tax administration.
Limitations of management accounting
- Based on accounting data
- Lack of knowledge
- Personal bias
- Heavy cost
I AM FORBES