DEFINITION of 'Administrative Accounting'

The financial reporting of factors that influence decision making, operational control and managerial planning. Administrative accounting focuses on management planning and control to accomplish the company's administrative goals.

BREAKING DOWN 'Administrative Accounting'

Administrative 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.

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RELATED FAQS
  1. What are common concepts and techniques of managerial accounting?

    Understand the difference between managerial accounting and financial accounting. Learn about the common concepts and techniques ... Read Answer >>
  2. What is the difference between managerial accounting and financial accounting?

    Discover the differences between managerial accounting and financial accounting. Both work in tandem to make the business ... Read Answer >>
  3. What is the difference between an operational expense and an administrative expense?

    An operating expense covers the production and marketing of products and services, whereas an administrative expense covers ... Read Answer >>
  4. What are common scenarios in which managerial accounting is appropriate?

    Understand the difference between managerial accounting and financial accounting. Learn common scenarios in which managerial ... Read Answer >>
  5. How does financial accounting differ from managerial accounting?

    Learn about the main differences between financial accounting and managerial accounting, including why one is highly uniform ... Read Answer >>
  6. What are some examples of general and administrative expenses?

    Learn examples of the general and administrative expenses such as audit fees, legal fees, rent, utilities and office equipment ... Read Answer >>
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