Visit http://classof1.com/homework-help/accounting for customized academic help in Accounting. <br /><br />Functions of Management Accounting <br /><br />Human memory has some limitations. In the present setup, it is not possible to remember all the business transactions. Therefore, the need arises to record transactions in different books of account. <br /><br />Management accounting is assigned the functions of classifying presenting and interpreting data in such a way that it helps management in controlling and running the enterprise in an efficient and economical manner.
