MANAGEMENT ACCOUNTING Accounting: It is a process of identifying, summaraising, measuring, & communicating the economic information to pretend informed judgement decission making. OBJECTIVES OF ACCOUNTING: a) keeping systematic records to protect business properties. b) ascertain operational profit & loss. c) decission making. d) extimating the TAX ABILITY. FUNCTIO0NS OF ACCOUNTINGS: Identifying, recording, classifying, summaraising, analyising, interpreting,communication. INFORMATION USERS; INTERNAL USERS: owner, management, employee EXTERNAL USERS: Creditors,investors, customers,researchers.