Management accounting: a tool in decision making

Abstract

This article, management accounting: a tool in decision -making, is conceived from the qualitative approach with the objective of systematizing the theoretical criteria about management accounting and its incidence in the formation of costs and prices. For this, the documentary bibliographic method that allows the articulation of the different positions of researchers on the subject is proposed. At first, there is an analysis of the evolution and purposes of management accounting as part of financial accounting and then the incidents of cost and prices in decision making prices are exposed. As a result, it is obtained that management accounting is in charge of the accumulation and analysis of timely and relevant information for decision making, as well as the necessary evolution of this science in the light of the new approaches and challenges that a highly competitive and with a technology in continuous progress, then decision making tries to meet certain goals or objectives, for which an analysis process is necessary by which the alternatives are evaluated according to the goals. Management accounting is related to the development of business management. Its importance is that it provides information for management with the purpose of formulating policies, planning and controlling all the activities of the company, which allows decisions on actions to be made.