Managerial Accounting Creating Value In Business

Firstly, this article describes the historical origins of management accounting and cognitive processes, make the definition of management accounting is an ongoing service system for business value-added, with the financial data as the main content, combined with non-financial information, for business formation and improve their core competitiveness ability.The article states that the management accounting in modern enterprise will use business value maximization as the goal for the activities of management accounting, analyses the major differences between management accounting and traditional financial accounting. Subsequently, the article makes the detailed description for the role of management accounting in enterprise operation, analyses that how management accounting is in the process of pursuing business objectives to achieve business value-added.Finally, in the last two chapters,the article use some relevant cases such as ABC model,investment decisions analysis to clarify that management accounting could strongly support enterprise value-added in todays dynaminc business environment .