This is the way toward distinguishing, examining, deciphering and imparting data to supervisors to help accomplish business goals. This can also be known as cost accounting. In other words, management accounting helps directors inside an organization to make decisions.
One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. Copyright July 2009, International Federation of Accountants Managerial accounting is associated with higher value, more predictive information.
IFAC Definition of enterprise financial management concerning three broad areas: cost accounting performance evaluation and analysis planning and decision support.
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