Management accounting - part 2
Basicly, accounting consists out of two parts: Financial Accounting and Management Accounting. Where Financial Accounting focusses on stakeholders outside of the company, Management Accounting works on the accounting inside a company. For example, there are different ways to value inventory (FIFO, LIFO, and more). What is the most beneficial method of valuing in a certain situation, for example when you are the accountant for a supermarket and have to deal with products in your inventory with limited due dates? As a company, how do you make a budget, and how do you check if the posts were forecasted correctly? Management Accouting specifically looks how a company can save money. The methods in this course are therefore used frequently in the past few years in cutbacks at big companies.
A Reken Maar summary guide you step by step through the course. We explain the content in a clear and structured way, and use many examples to make the course more vividly. Right after the explanation of the theory, you will find practice questions which enables you to train immediately with the theory you just learned.
In short, a Reken Maar summary is everything you need to pass Management Accounting
What is new in this edition of Management Accounting?
We gave the Reken Maar summary of Management Accounting a big update. Because last year was our first year of publishing this course, we collected a lot of feedback from our customers. We processed this feedback in the summaries of this year. Mistakes are corrected, and certain topics are discussed more thoroughly. Besides, we replaced the practice exams with two new exams who are on the same level of last-year's exam. In short, the summary is up-to-date for the upcoming year.
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Content: Management Accounting - part 2