MBA Finance Question:

What is the scope of Management accounting?

Answer:

Following is the scope of Management Accounting:

1) Financial Accounting
2) Cost Accounting
3) Revaluation accounting
4) Control Accounting
5) Marginal Costing
6) Budgetary Control
7) Financial Planning and
8) Break Even Analysis
9) Decision accounting:
10) Reporting
11) Taxation
12) Audit

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What are the various techniques used to discharge the function of management accounting?Compare Financial Accounting and Cost Accounting?