Many businesses use some form of management accounting, whose functions include budgets, cost allocation methods and cost-volume-profit or break-even analysis. Strategic management accounting goes ...

Corporations, as well as nonprofit organizations, use cost centers to keep track of expenses. A cost center is a unit within a larger system that is responsible for a particular set of activities that ...

Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, ...