Application of Manasement Accountins Practices in Decision Makins

Abstract

Accountancy can support the decision making process and management Accountancy can support the decision making process and management activity. The objective of an accounting system is to provide financial information concerning the studied company. The information concerns the financial situation and the performance of a company and there is intended to the users to taking decisions. Small business owners ayid managers are faced with countless decisions every business day. Management accounting uses information from operations to produce reports that provide ongoing insight into business performance, such as profit margin and labor utilization, so managers have datadriven input to make everyday decisions. Small businesses can leverage this powerful trove of calculations to improve decision-making over time for higher profitability and greater competitive advantage. Managerial accounting information is used by company management to determine what should be sold and how to sell it. One of the major issues argued in the context of managerial accounting is responsible in planning, organizing, staffing, directing, controlling, and including the decision making. The decision making is very important for business, because it provides important internal information to the top management to run the organization. Therefore, managerial accounting is well-known characteristics such as knowledge, industry experience, attention to work, communicates expertise, and characteristic of personality such as leadership, active, creativity and skill. Moreover, the role of managerial accounting is become more important not only in the business, but also at the national level and in the worldwide level. This study aims to analyze the application of management accounting practices in decision making