The Management Accounting Blog • Hotspotfinance

For most of us, be it management accounting, financial accounting or cost accounting – well there isn’t really a lot of difference. Because it is still accounting – right?
Well, no. And a big one at that!
So how are the three different?

Reading management accounting theory, in the simplest way put, is outright boring!
What’s worse is when the task is to read up on management accounting theory. Now that could scare away the bravest of souls.
But then, what begs attention is the fact that reading up on management accounting theory has scores of benefits....

Small business owners and managers have to make numerous critical decisions every single day. Management accounting tools help them make such decisions by providing data-driven input hence improving decision making for their businesses. In this article...

This article will provide an introduction to the strategic management accounting definition. Before delving into the topic, it’s important to state the difference between management accounting and strategic management accounting.
Definitions
The Chartered Institute of Management Accounting (CIMA) defines management accounting as follows: “management accounting is the sourcing, analysis, communication and use of decision-relevant financial and non-financial information to generate and preserve...