SIC Code 8741-03 - Management Accounting
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SIC Code 8741-03 Description (6-Digit)
Management Accounting is a specialized branch of accounting that focuses on providing financial information and analysis to management for decision-making purposes. It involves the identification, measurement, analysis, interpretation, and communication of financial information that is relevant to the internal operations of an organization. Management accountants work closely with executives and managers to provide financial insights that help them make informed decisions about the future of the organization.
Hierarchy Navigation for SIC 6-Digit Code 8741-03
Parent Code (less specific)
Tools
- Cost accounting systems
- Budgeting and forecasting software
- Activitybased costing tools
- Variance analysis tools
- Performance measurement tools
- Decision analysis tools
- Capital budgeting tools
- Financial modeling software
- Strategic planning tools
- Risk management tools
Industry Examples of Management Accounting
- Cost analysis
- Budget planning
- Performance measurement
- Financial reporting
- Strategic planning
- Risk management
- Capital budgeting
- Forecasting
- Costvolumeprofit analysis
- Activitybased costing
SIC Code 8741-03 - Management Accounting
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