The Impact Of Management Accounting Information On Decision Making In The Agricultural Industry

CHAPTER TWO LITERATURE REVIEW 2.1 Conceptual Framework The chartered institute of Management Accounting (CIMA) defines management accounting as “The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources”. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies and tax liabilities. Th…