Management in business and human organization, in simple terms, means the act of bringing people together to achieve desired objectives. Management includes planning, organizing, allocating resources, leading or directing, and controlling an organization (a group of one or more people or entities) or an effort for the purpose of achieving an objective. Resourcing includes the deployment and manipulation of human resources, financial resources, technological resources and natural resources. Management can also refer to the person or people who perform the act(s) of management. Basic Functions of Management Management works through various functions, often classified as planning, organizing, leading/motivating, and controlling. Planning: Decide what needs to happen in the future (today, next week, next month, next year, in the next 5 years, etc.) and generate action plans. (What to do?) Organization: (implementation) optimal use of necessary resources to enable the successful implementation of plans. Staffing: Job analysis, recruiting and hiring individuals for the appropriate job. Leadership/motivation: Exhibition of skills in these areas to get others to play an effective role in achieving plans. (To make the individual willingly work in the organization) Controlling: Monitoring: Checking progress against plans, which may require changes based on feedback. Management accounting concerns the provision and use of accounting information to managers of organizations, to provide them with the basis for making informed business decisions that will enable them to be better equipped in their management and control functions. Unlike financial accounting information, management accounting informs...... middle of paper ......Active segment reportingSales management scorecardCost analysisCost benefit analysisCustomer profitability analysisCapital budgetingAnalysis of purchasing and leasingStrategic planningStrategic management consultancyInternal financial presentation and communicationSales and financial forecastsAnnual budgetCost allocationResource allocation and utilization[] Related qualificationsThere are several related professional qualifications in accounting field including:Management Accounting QualificationsCIMAICMACMAInstitute of Cost and Works Accountants of IndiaAAFMOother professional accounting qualificationsChartered Certified Accountant, (ACCA)Chartered Accountant, (CA)Certified Public Accountants, (CPA)American Institute of Certified Public AccountantsCertified Practicing Accountant (CPA Australia)