The Term “Management Accounting” was First Used in
The term “Management Accounting” was first used in – Find the answer to this question and access a vast question bank customized for learners.
The term “Management Accounting” was first used in – Find the answer to this question and access a vast question bank customized for learners.
Answer:
In the year 1950 the term “Management Accounting” was first used. A team of accountants under the aegis of the Anglo-American Council on Productivity had first used it while visiting the USA. The term refers to the use of financial information or accounts of a business by the managers so as to enhance performance through informed decision-making.