The various tools used at present in management accounting may be classified into the following groups.?

1. Based on Financial Accounting Information Analysis of Financial Statements through Ratio Analysis. Analysis of Financial Statements through comparative statements, trend, graph and diagram. Fund flow and cash flow analysis. Return on capital employed techniques. 2. Based on Cost Accounting Information Marginal costing (including cost volume profit analysis). Direct or incremental Costing and differential costing. Standard Costing. Analysis of Cost Variances. 3. Based on Mathematics Operations Research. Linear Programming. Network analysis. Queing theory and Games Theory. Simulation Theory. 4. Based on Future Information Budget and Budgeting. Budgetary control: Analysis of Budget Variance / Revenue Variance. Business Forecasting. Project Appraisal or Evaluation. 5. Miscellaneous Tools Managerial Reporting. Integrated Auditing. Financial Planning. Revaluation Accounting. Decision making Accounting. Management Information System.