“Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems,and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy.”
The American Institute of Certified Public Accountants (AICPA) states that, “Management accounting as practice extends to the following three areas:
- Strategic management—advancing the role of the management accountant as a strategic partner in the organization.
- Performance management—developing the practice of business decision-making and managing the performance of the organization.
- Risk management—contributing to frameworks and practices for identifying, measuring, managing and reporting risks to the achievement of the objectives of the organization.”
- This course sets you on a solid foundation in management accounting and covers in-depth, the three pillars upon which management accounting is built.