1. Management accounting enables future forecasting.
2. It is selective in nature.
3. Supplies Data, Not Decisions.
4. Integrated system.
5. It is a service functions which provides information to the management for formulating policies.
6. Established financial accounting rules are not followed in Management Accounting.
7. Management Accounting emphasizes, specially, on cause and effect relationship.
8. Emphasis is placed on nature of Cost Elements.
9. Management accounting is a developing subject.
10. Potentiality of development as a profession.