Explore the fundamentals of management accounting in this comprehensive 45-minute video lecture. Delve into the basics of accounting before focusing on the specific characteristics and nature of management accounting. Learn about the day-to-day responsibilities of a management accountant and understand the key differences between management, financial, and cost accounting. Gain practical insights through a real-life example that illustrates the application of management accounting principles. Perfect for professionals seeking to enhance their understanding of financial management and decision-making in business contexts.