Managament accounting

Non-financial information will play its part in planning, controlling and decision making and is therefore just as important to management as financial information. While management accounting is mainly concerned with the provision of financial information to aid planning, control and decision making, the management accountant cannot ignore non-financial influences and should qualify the information provided with non-financial matters as appropriate.

Information for management is likely to be used for planning, control and decision making.

The two main types of organization that you are likely to come across in practice are as follows.  Profit making  Non-profit seeking. The main objective of profit-making organizations is to maximize profits. A secondary objective of profit-making organizations might be to increase output of its goods/services. The main objective of non profit seeking organisations is usually to provide goods and services. A secondary objective of non profit seeking organisations might be to minimise the costs involved in providing the goods/services

There are two schools of thought on the link between strategy and organisational structure.  Structure follows strategy  Strategy follows structure. Let's consider the first idea that structure follows strategy. What this means is that organisations develop a structure in order to implement a strategy. The second school of thought suggests that strategy follows structure. This side of the argument suggests that the strategy of an organisation is determined or influenced by the structure of the organisation. The structure of the organisation therefore limits the number of strategies available.