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Management accountingcollecting and analysing internal information which are used by internal stakeholders such as managers. This help them with decision making to help them achiev...

There are 2 ways in calculating depreciation: Straight Line method and Reducing Balance method. Straight Line method is simple to calculate ( (cost of the asset - Residual value) / Useful life ). When cal...

• At shareholder meetings, a company agrees on the number of total shares authorised. This is the maximum number of shares the company can issue; key because it dilutes other shareholders, affects the fun...

The difference is as follows: Management Accounting is primarily concerned with the collection, analysis and utilisation of internal data for the purposes of managerial decision making. These decisions ar...

In the reducing balance depreciation you have to deduct a same percentage from the carrying amount (historical cost of the asset - accumulated depreciation) of the asset each year. For example, cost of ma...