Juhtimisaruannetus

Juhtimisaruannetus, known in English as management accounting, is a crucial aspect of modern business operations. It involves the process of identifying, measuring, analyzing, interpreting, and communicating financial and non-financial information to assist managers in decision-making and in achieving the organization's goals. Unlike financial accounting, which focuses on external reporting to stakeholders like investors and creditors, management accounting information is primarily for internal use.

The scope of management accounting is broad and can encompass various activities. This includes budgeting, cost accounting, performance measurement, and strategic planning. Management accountants often work closely with operational managers to understand the specific needs of different departments and to provide tailored information. The goal is to improve efficiency, reduce costs, and enhance profitability.

Key tools and techniques used in management accounting include cost-volume-profit analysis, variance analysis, and activity-based costing. These methods help in understanding the relationship between costs, revenues, and profits, and in identifying areas where performance can be improved. By providing timely and relevant information, management accounting empowers leaders to make informed choices that drive the business forward. The information generated is not bound by Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) in the same way as financial accounting, allowing for greater flexibility and customization.