Managerial Accounting: The History And History Of Management Accounting

Introduction

Management accounting is a branch of accounting, it is apply accounting and financial management principles to establish, protect, save and raise value in order to deliver this value to stakeholders of private and public enterprises (Bhimani, 2012). The aim of management accounting is to improve enterprise economic revenue, using a series of methods and processing, sorting and reporting the information of financial accounting to make the enterprise management personnel at all levels can planning and control the daily economic activities and to help decision makers to make decisions(Weetman, 2011).

According to Carmona and Donoso (2004), they use a case to explain from 1525 to 1692, there is no management accounting. Also, Ezzamel,

But that time, accounting management technology was developed.

The history of management accounting between from the beginning of the 20th century to the 1950 's

The development of management accounting in the 20th century begun at 1911, Taylor, F.W. who was the representative of the classical school in the western management theory, published 'The Principles of Scientific Management '. According to Taylor (1911) and Fleischman (2000), generalized scientific management mean:

 The deployment of management science takes the place of rules of thumb

 Harmony in industrial relations

 Productive process co-operation rather than individualism

 Output maximization and not restriction

 Development of each worker to maximum

At the same time, the accounting academics involved in research management accounting related issues (Fleischman 2000). For example, in 1919, the US set up cost accountant association promoted standard cost calculation. In June 1921, the US congress enacted 'Budget and Accounting Act’, which has a great influence for private enterprises to implement budget control. In order to comprehensive introduce the budget control theory, McKinsey, J. O. published 'Budgetary Control’ in 1922. The same year, H. W. Quaintance published the book 'Managerial Accounting: an Introduction to Financial Management ' which is first time put forward the name- ‘management accounting’. In 1924, McKinsey, J. O. Published 'Management Accounting ' and Bliss, J. H. published 'Management through Accounts '. These books marked management accounting preliminary had a unified