role of the management accountant

Question 1

outline 4 roles of the management accountant

Answer 1

• to prepare cash budgets to establish if the business will have enough money in the future to pay its bills.
• to carry out break even analysis to see how many units need to be sold to cover costs
• to provide management with information to enable decision making eg which products should take priority for production if resources are scarce.
• responsible for the collection, processing and classification of costs eg direct and indirect/ allocation and apportionment