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Mr. Ross used to influence people only through his teaching inside the classroom. He neither wrote an article or a book in order to influence people like most writer or professors generally do.
The author became a research assistant to Mr. Ross in the year 1940 for a second-year course named Control, a course which is a sort of contrast with the traditional Cost Accounting course. Nevertheless, the course became successful as a result of the reputation Mr. Ross has got as an impressive teacher of accounting at Harvard.
The first appearance of management accounting in textbooks was, I believe, a first-year accounting text entitled Management Accounting: Text and Cases (Anthony; now Anthony and Reece) published in 1956. This text contained a series of detailed cost-accounting cases. A similar text by Massachusetts Institute of Technology professors appeared at approximately the same time written by Hill and Gordon in the year 1959. In the year 1965, a monograph named Planning and Control Systems - A Framework for Analysis, written by the author was published by the Harvard Business School. ...
The terms "cost accounting" and "management accounting" have sometimes been used synonymously by many accountants in recent years. But these two systems of accounting are not the same. Despite the fact that the subject matter of cost accounting has broadened over the years, it is, however, concerned mainly with the techniques of product costing and deals with only cost and price information. It is limited to product costing procedures and related information processing. It helps management in planning and controlling costs relating to both production and distribution activities.
By nature, management accounting refers t reports prepared to fulfill the needs of management. Management Accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information that assists managers in specific decision-making within the framework of fulfilling the organizational objectives (The ICFAI University Press, 2004). The accounting statements and reports in management accounting are situation-specific. That is, management accounting reports attempt to fill the information needs of managers with respect to a specific problem, situation, or decision.
Management accounting is not confined to the area of product costing, cost and price information. In management accounting, the objective is to have a data pool which will provide any and all information that management may need. For example, if management decided to depend on long - term debt for expansion of business, it may be investigated as to what effect this decision will have upon the earning per share Should debt in the capital structure be too large or small Similarly, management may be ...Show more


The first article is "Management Accounting: A Personal History." This article was published on 1st January in the year 2003 in the Journal of Management Accounting Research. The author of the article is Robert N. Antony.
The author of the article talks about the evolution of Management Accounting as a branch of accounting and his relationship and contribution to the field of Management Accounting…
Author : nienoweloy
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