The main objectives of management accounting can be expressed as follows:
1. To Measure The Performance
Management accounting measures the efficiency, performance, productivity and effectiveness of the business.
2. To Provide Information
Management accounting provides relevant information and data for planning, forecasting, controlling and resource utilization.
3. To Assist Decision Making
It helps the top level management to take various decisions regarding planning, pricing, forecasting, replacement etc.
4. To Motivate Employees
It helps to motivate employees by setting goals and by preparing motivating schemes in order to boost their performance.
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5. Utilization Of Resources
Management accounting ensures effective utilization of resources in order to achieve organizational goals and objectives effectively.
6. To Facilitate Controlling
Management accounting helps to maintain effective control system in the organization.
