Analytical, cost or management accounting

Analytical Accounting or Cost Accounting or Management Accounting is a set of information systems that support decision making in management. Through its own financial statements and using class 9 to make accounting movements adjusted to each of the companies. Thus adjusting operations to the accounting and individual reality of each organization. They are synonymous expressions.

The company’s internal accounting must be carried out to maximize the company’s investments and income, through the preparation of budgets and subsequent analysis of deviations with possible corrections in order to obtain a better business performance.

Since Analytical Accounting is an information system, it is important that this same information is useful for managers to be able to make better decisions or in a more informed way, in order to reduce the probabilities of management error or consequently lead to wrong decisions due to lack of elements.

Aspects or characteristics of the information:


The information should be relevant and appropriate to the objectives, if not, it is information that is not useful for decision making.


Information must exist when it is needed, when the information arrives later it can lose its usefulness, as the decisions that should have been taken were not made.


Without topicality, information is not relevant for decision making, so the speed or speed in obtaining information assumes a fundamental character, because if the information is valid because it is current and can be used in a timely manner.

Analytical Accounting lives up to the expression “information can be worth a fortune”.

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