Management Accounting Pittsburgh, PA

 

Management Accounting

Management accountants, who may be called cost, corporate, industrial, managerial or private accountants are concerned with the financial data of their parent company. They are usually included in the executive team and may be involved in planning and the development of new products. They review the financial information that managers need to evaluate proposed mergers, acquisitions and other corporate affairs. They are usually involved in three basic areas: strategic management, performance management, and risk management.


It is the responsibility of the management accountant to prepare reports for tax authorities, stockholders, creditors and regulatory agencies. The information generated by management accountants is confidential, it is future-oriented, rather than historical; does not necessarily comply with accounting standards, but uses management information and internal control systems. This information may be used in formulating strategies, assuring optimal use of resources, preparing financial reports, and tabulating and safeguarding assets.