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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 products 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 philosophers...
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Management accounting objectives
Typology of expenses – Cost analysis methods
Bibliography
It's important to understand that this article is only a brief introduction to the basics of cost accounting, which is a fundamental discipline in management and features prominently in all accounting training courses in France and the French-speaking world; in business schools, in university management courses and in establishments such as CNAM-INTEC.
So there are bound to be a host of excellent...
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