The IMA definition of management accounting states that:
a. Management accounting is the process of gathering, reporting, and analyzing information for management decision making.
b. Management accounting is a profession that involves preparation and analysis of cost information, budgeting, and performance measurement and analysis to assist managers in decision making.
c. Management accounting involves partnering in management decision making, planning, and performance measurement to assist in the formulation and implementation of an organization's strategy.
d. Management accounting is a set of practices in which accountants, working within companies, help managers to make better decisions based on accurate financial information.