Management accounting
![IFAC Definition of enterprise financial management concerning three broad areas: cost accounting; performance evaluation and analysis; planning and decision support. Managerial accounting is associated with higher value, more predictive information.[1] Copyright July 2009, International Federation of Accountants](/Images/godic/202501/25/IFAC_Definition_of_MA5802.jpg")
![Managerial costing time line[5] Used with permission by the author A.van der Merwe Copyright 2011 All Rights Reserved.](/Images/godic/202501/25/Managerial_Costing_Timeline5802.jpg")
In Management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.