Managerial Accounting

Managerial Accounting

Objectives and Characteristics of Internal Accounting

Internal Accounting control is involved in the governing of the financial system. The management has a major responsibility for developing and maintaining an effective control system of accounting functions. The applications of internal control give an opportunity for the quality assurance and to assess the weaknesses of this operation. This provides an opportunity to find solutions related to the problems before starting the business operations. There is a need to keep running the business operations in a smooth manner. The process of analysis, implementation and design has collaboration with each other because of the ...