Management Accounting Essay Example | Topics and Well Written Essays - 2000 words - 6

Management Accounting - Essay Example This platform helps the organizations to take their long term business decisions. It has been observed that there is a long term debate between the global fraternities related with the functionality of accounting. Many experts have described accounting as the communicating tool for the organizations to showcase their business reality. On the other hand many people have stated that accounting itself constructs reality. This debate is a burning issue for the organizations across the world. Accounting is nothing but an information science used for the purpose of classifying financial data. Here in this essay the title statement will be critically analyzed on the basis of various favorable and unfavorable arguments. The essay will also include the framework of Burchell et al into this essay. The essay will follow a step by step approach which will analyze the topic in detailed fashion. The essay will follow a suitable structure. With the help of this essay an attempt will be made to end the debate related with the title topic. Accounting is a process through which organizational reality can be communicated. Organization does accounting for the purpose of communicating realities towards the all stakeholders related with the organizations. Every organization has internal and external stakeholders. It is important for internal and external stakeholders to know the organization reality in detailed fashion. To get the detailed information there is no substitute of accounting. It indicates that accounting does communicate reality to the stakeholders. Financial communication is the most important factor on the basis of which investment related decisions are being made. Investors invest their moneys on the basis of proper information. That information is being communicated with the help of accounting. According to the framework of Burchell, if uncertainties of