Business Definition for: administrative accounting
administrative accounting
- accounting that focuses upon management planning and control through a formal system of accumulating and reporting data to achieve administrative or management objectives.
- accounting that involves internal decision-making with respect to prorations, valuations, and reporting. Controllership and internal auditor functions relate to administrative accounting.
Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.