Management Accounting Tools Utilizationin in a Business Management

The term of managerial accounting is referred to the total set of information. This accounting is mainly designed for internal users and is confidential, the high accuracy and reliability is the main purpose of managerial accounting. Managerial accounting is not regulated by the state, but is connected with financial accounting, which is state-controlled and because managerial accounting has also some regulation. The basic task of management accounting is to provide the necessary information for the decision of business managers. It consists of a series of tasks that are interconnected and linked to each other, these are the tasks of identifying the actual events and information, control events and processing output information. Among the most important tools of management accounting belong budgeting, which is used to build future values to be achieved and calculations. Calculations are compiled for individual products, and according to calculations to determine the minimum price of the product, which should cover the cost of production