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Samples : Management Accounting

University
Pages: / Words: 912 Downloads: 2323

Introduction to Management Accounting

Management accounting, also known as managerial accounting, involves the process of identifying, measuring, analyzing, inteNrpreting, and communicating financial information to managers for the purpose of achieving organizational goals. Unlike financial accounting, which focuses on providing information to external stakeholders such as investors, regulators, and tax authorities, management accounting is primarily concerned with providing useful information to internal management to aid in decision-making, planning, and control.