Diploma in Accounting Management
Accounting management or management accounting is the process in which financial and non-financial information and resources are provided to the managers in an organisation to facilitate decision making. In this process, invoices, financial statements and other relevant information are shared with the company’s management team which then looks around and into the business, takes into account its needs and then devises a plan, formulates strategies and implements them for the organisation to reach its goal.
The objective of accounting management is to use processed statistical data to determine the correct plan of action for the development of the business. Some of the tools of accounting management are financial accounting, business analysis, costing, economics, etc. Accounting management is quite an old course of study and is the ideal stepping stone for those seeking a career in the corporate world. It is an integral part of any organisation’s functions and hence, people pursuing management accounting in higher studies never face any dearth of jobs after completion of the course.
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