{"id":251751,"date":"2023-08-18T06:35:47","date_gmt":"2023-08-18T06:35:47","guid":{"rendered":"https:\/\/imarticus.org\/?p=251751"},"modified":"2024-04-02T07:26:35","modified_gmt":"2024-04-02T07:26:35","slug":"management-accounting-decision-making-and-performance-measurement","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/management-accounting-decision-making-and-performance-measurement\/","title":{"rendered":"Management Accounting: Decision-Making and Performance Measurement"},"content":{"rendered":"

Management accounting deals with the identification, measurement, analysis, interpretation, and communication of financial information to the managers so that the company\u2019s goals can be achieved. Managerial accounting is an important aspect of any organisation as it helps in informed decision-making. Decisions that are backed by strong evidence contribute to the effective growth of an organisation.<\/span><\/p>\n

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An important aspect of decision-making is performance measurement. In order to assess the effectiveness and enhance the performance of an organisation, it is important to measure and evaluate it from time to time. Performance can be measured by choosing the most appropriate metrics, proper data collection, and communication with the stakeholders. This shall help the organisation to identify the areas of improvement and make data-driven decisions.\u00a0<\/span><\/p>\n

You can build your expertise in management accounting if you pursue a<\/span> US CMA course<\/a><\/strong> from Imarticus Learning. Read on to learn more about the role of management accounting in performance measurement and decision-making.\u00a0<\/span><\/p>\n

How to Measure Performance<\/strong><\/h2>\n

Listed below are the steps that one should follow to conduct an effective performance analysis:<\/span><\/p>\n