... reporting to managers for cost planning, control and also performance evaluation. Reporting for decisions on how resources should be allocated and priced in relation to product profitability. The information may also be used by management for strategic and often as a tactical decision making tool. The information especially that found in absorption costing will be used for external reports, such as financial statements. With this in mind the role of the management accountant will involve allocation of costs between areas such as cost of goods sold and the stock needed for both internal and external profit reporting. Provide relevant information to help managers make better decisions. Provide information for planning, control and performance measurement. Planning to turn goals and company objectives into actions and resources, while looking at both the long and short term activities of the company. This would be done by controlling activities through setting of targets and standards, comparing ...

See this essay or coursework document in full right now