THE ROLE OF MANAGEMENT ACCOUNTING AND COST INFORMATION IN DECISION-MAKING

Abstract

Management Accounting and Cost Information are very important areas in decision-making. Management accounting is the process of finding and implementing a project or job in the right way. This includes planning, estimating, budgeting, financing, funding, management, control, and comparison between costs so that the work can be completed within the specified time and budget. Meanwhile, cost information is the result of the cost accounting process which provides data and analysis about costs that are relevant for managerial decision making. The purpose of this research is to explain that management and cost accounting information is very influential in decision-making by management in a company or organization to reduce and control costs without having to reduce the quality and quantity of the product or service itself.