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The first terms of the management accounting is loads or Overheads
The Overheads are collected by the general ledger. Management accounting are subjected to different types of analysis which once completed, allow to divide into as many partial amounts as necessary and then group them according to specific objectives.
General Accounting allocates expenses by nature, supply purchases, services, personnel expenses, etc. Management accounting distributes the loads by destination.
The second terms of the management accounting is Costs
The costs are the company's expense groupings. This type of grouping is again based on the objectives that the Management Accounting fixed, the costs relate to products, orders, activities, functions etc.
Costs are more or less detailed and there is a gradation in the cost calculation. The central part is occupied by the cost which includes all expenses relating directly or indirectly a product or an order for the purchase of raw materials to the final stage which is the sale of the finished product.
Below the cost price, traditionally performs the calculation of the purchase price, and then the cost of production, to which is added the cost of distribution.
The third terms of the management accounting is Margin
The margin is the difference between revenue and cost. We will see that there are different levels of cost calculation, and therefore several types of margins. When the difference between the cost price of a product, which is the last calculated cost and the selling price, the margin is called the analytical result.
