Definition of Administrative accounting:
Administrative accounting handles and reports internal factors and figures that influence decision making, operational control, and managerial planning. Administrative accounting is often performed by an administrative accountant, who may help a company with internal operational accounting duties like payroll, taxes, and management of company assets. Administrative accounting focuses on management planning and control to accomplish the company's administrative goals.
Administrative accounting, a subset of managerial accounting, involves a formal methodology for gathering, reporting, and evaluating financial data that deals with management planning and control. The reports can help administrators and managers evaluate the day-to-day activities of the operation. .
Internal financial reporting focused on decision making, operational control, and planning.
How to use Administrative accounting in a sentence?
- Administrative accountants handle administrative accounting functions, such as payroll and taxes. An administrative accountant may also be the bookkeeper. .
- While financial accounting deals with focuses on the entire business, administrative accounting generally focuses on a certain process within the company. .
- Administrative accounting is the factors and processes in place to handle managerial planning and operations. .
Meaning of Administrative accounting & Administrative accounting Definition