1. Management accounting objectives
In fact, the usefulness of management accounting only really becomes apparent once a company reaches a certain size and a certain degree of diversification and complexity. In a small craft or commercial business, the manager's only financial accounting is often tax-based. On the other hand, in a large industrial company, manufacturing several types of product in several workshops or factories, the need for analytical information is much greater, and specific procedures must be put in place to identify costs by product and at the different stages of the manufacturing process.
Note that the cost of a product has no existence in itself and cannot be measured, or calculated objectively, as a physical quantity. It's a "construct" (from a "constructivist" rather than a "positivist" point of view, as the epistemologists say...) which...
Exclusive to subscribers. 97% yet to be discovered!
Already subscribed? Log in!
Management accounting objectives
Typology of expenses – Cost analysis methods
Article included in this offer
"Industrial management"
(
72 articles
)
Updated and enriched with articles validated by our scientific committees
A set of exclusive tools to complement the resources
Bibliography
Exclusive to subscribers. 97% yet to be discovered!
Already subscribed? Log in!
