e-accounting
Hatem Audit firm provides secure, dependable, precise, efficient, and cost effective accounting services that keep you on top of your financial issues and free you to focus on other important needs of your business.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Some of the services we provide are:
-General Ledger
-Accounts Payable
-Accounts Receivable
-Reconciliation
-Payroll
-Inventory
-Fixed Assets
-Accounting Setup
 
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.
 

In contrast to financial accountancy information, management accounting information is:

• designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators;
• designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators;

• usually confidential and used by management, instead of publicly reported;

• forward-looking, instead of historical;

• Computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting standards.


Management Accounting is "the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies and tax authorities.

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.


Managerial Accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information that is used by management to plan, evaluate, and control within an organization. It is the accounting used for the planning, control, and decision-making activities of an organization. Managerial accounting is concerned with providing information to internal managers who are charged with directing, planning, and controlling operations and making a variety of management decisions. Managerial accounting can be contrasted with Financial Accounting which is concerned with providing information, via financial statements, to stockholders, creditors, and others outside the organization
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