Marketing Essential--7-11

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3.0 Functions of Management accounting department

Management accountant is mainly provide information to management purpose.It is divided into six section,including planning,control,cost accounting,decision making,financial management and auditing

3.1 Planning

Planning is divided into two section,including short-term and long-term .Short-term plans refer to specific work arrangements within a short period of time under the guidance and requirements of long-term planning. A short-term plan is a programme of action to achieve the organization's short-term goals.opposite.long-term is a programme of action designed to achieve the organization's long-term objectives.

3.2 Control

It is an important role in management accounting because it is contribute to check the mistakes and take correction action so leaving standard is minimize and showing goals is achieved in a ideal ways.according to modern concept,controlling is a foreseen action whereas earlier concept the is used only when errors were Detected. Control in management means setting standards, measuring actual performance and taking corrective action.

3.3 Cost Accounting

A specific method for determining the total cost and unit cost of a calculated object by the total cost of an enterprise.

3.4 Decision Making

It is the activity that people formulate action plan and prepare to carry out in order to achieve certain goal, it is also a process that raises problem, analyse, solve problem.

3.5 Financial Management

Financial accounting is describe finance about economical entity ,obligation and activities of an economic entity.Financial Management is mainly to help investor to manage their investment.

3.6 Auditing

Auditing refers to the independent economic supervision activities by the specialized agencies in accordance with the law on the national Government and financial institutions, enterprises and organizations of major projects and financial revenues and expenditures in advance and ex ante review.It is divided into two ways which is external auditors and internal auditors.External auditors is showed work for an outside entity whereas internal is showed internal auditors are employees of the entity itself and they are answerable to its management