Time Orientation

Financial accounting is more likely to the orientation of the past and reported after the incident occurred. Although the management accounting is also recorded and reported after the incident took place. It is strongly emphasized the provision of information. 

Management, for example, do not just want to know what the cost for the production process, but also want to know what the cost would be incurred to produce a product. By knowing what costs are used for a production that can help planning the purchase of raw materials and pricing, besides other things.

This future orientation is used to support managerial planning and decision making. In this article many critics said that management accounting has become a short-term oriented. A company needs to measure the truth of the information effectively the company's performance, therefore, on balance scorecard should not be only one report describing what happened, but should, based on the variability of the key factors affecting the economic performance of companies in the future. 

And companies often do not report the overall internally to understand the long-term corporate goals. So there is no picture of the entire company, which eventually led to the crisis in management accounting


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