User:Bewiki777/sandbox

Management accounting principles (MAP) were developed to serve the core needs of internal business managers to improve decision support objectives, internal business processes, resource application, customer value, and capacity utilization needed to achieve corporate goals in an optimal manner. Another term often used for management accounting principles for these purposes is managerial costing principles. The two management accounting principles are: (1) causality (i.e., the need for cause and effect insights) and, (2) analogy (i.e., the application of causal insights by managers in their activities). These two principles serve the management accounting community and its customers – the managers of businesses. This happens when they are incorporated into a management accounting conceptual framework with concepts and constraints to govern management accounting practice. The framework also ends decades of confusion (Clinton and van der Merwe, Management Accounting - Approaches, Techniques, And Management Processes) surrounding management accounting approaches, tools and techniques and their capabilities.