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BAC 300: Management Accounting 1 Notes

Institution: Kenyatta University

Course: Management Accounting 1

Content Category: Lecture Notes

Posted By: KENYASTUS

Document Type: DOCX

Number of Pages: 44

Price: KES 150
 
    

Views: 541     Downloads: 10

Summary

LESSON ONE
Nature and Meaning of Management Accounting

1.0 Introduction
In this lesson we start by defining and explaining the nature of management accounting. Also we discuss the functions, role, scope and comparison between financial and management accounting.

1.1 Objectives:
At the end of this lecture, you will be able to:
1. Define management accounting.
2. Explain the nature of management accounting
3. Describe the role of management accounting.
4. Discuss the functions of management accounting.
5. Compare financial and management accounting.

1.2 Meaning of management accounting:
The “term management accounting” refers to any system of accounting which provides information that is desired to enable management carry out their day to today operations efficiently and effectively.
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