roles of the management accountant

Question 1

4 roles of the management accountant

Answer 1

1. Prepares budgets, break even statements, charts etc.
2. Responsible for the collection, processing and classification of costs e.g direct and indirect/ allocation and apportionment.
3. Provides management with data for internal use.
4. Provides management with information to enable decision making e.g which products should take priority for production if resources are scarce.
5. Accountable for the planning and control of production.