What is the role of a management accountant in the organization?

Question:

What is the role of a management accountant in the organization?

Accounting:

Accountants maintain the financial records of an entity. Accountants produce financial reports which are utilized to assist in business decisions. There are many specializations in the accounting field.

Answer and Explanation:

A management accountant in an organization collects, interprets, and analyzes information to assist in business decisions. The management accountant's primary role is the budgeting of an operation. Management accounts also compare actual results to budgeted results and reports on the efficiency of an operation. The management accounts recommendations can be vital to the success of an operation.


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Managerial Accounting Functions

from Business Management: Help & Review

Chapter 9 / Lesson 1
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