What is management accounting? Objectives and benefits of its implementation in small and medium-sized manufacturing enterprises.
大塚商会 生産管理システム担当
The special site "Production Management Navi" operated by Otsuka Shokai publishes various helpful column information, ranging from basic explanations about production management systems to the digital utilization and DX promotion in manufacturing. This time, we present an article submitted by the Chubu Industrial Federation, a group of on-site improvement consultants in the manufacturing industry, titled "What is Management Accounting? The Purpose and Benefits of Implementation in Small and Medium-sized Manufacturing Enterprises." If you are interested, please refer to the details through the "Related Links" below.
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In order for manufacturing companies to improve their profitability, they must reconsider traditional cost management methods. The concept of "management accounting" provides some hints in this regard. This time, we will introduce the basics of management accounting, its objectives, as well as the process of implementing management accounting and methods for improving profitability.