Management is usually classified into 3 levels:
- Operations of the lowest level, for example: supervisor
- Intermediate / Middle, example: the department head, division head
- Peak (Executive) / line, example: president
Management functions include:
- Planning the design of operational programs in detail, setting goals, and how to use resources to achieve those goals.
- Organizing the set framework in which these activities performed.
- Control of a systematic effort to achieve management objectives.
- Controling the executive manager responsible for accounting functions.
Management Accounting (Management Accounting) is to measure and report financial information and non-financial to be used by managers to make decisions in order to accomplish organizational goals.
Financial Accounting (Financial Accounting) is to measure and report business transactions and preparing financial statements primarily intended for external parties and arranged according to GAAP.
Cost Accounting (Cost Accounting) is to provide information for management accounting and financial accounting by measuring and reporting financial information and non-financial related to the cost of acquiring and utilizing resources in an organization.