The role of Management Accounting

Q. Explain the role of Management Accounting in a bank.

OR Management Accounting is beneficial for banking operation - comments with the example.

1. Collection, Classification, Analysis and Presentation of Financial data

2. Systematic and reliable planning

3. Ascertainment, Reduction and Control of cost 4. Product Pricing

5. Measurement of work performance

6. Preparation of statement of cost and other necessary statement

7. Preparation of Master Plan of Development of Industry

8. Role of Financial Management in Industry 9. Forward looking 

10. Efficiency Analysis 

11. Helping in decision making