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What is Management Accounting about?

Management accounting is a branch of accounting focused on providing internal financial information to managers for decision-making and improving business performance. It involves data analysis, forecasting, and identifying inconsistencies to aid in strategic planning and maximizing profits, while also having limitations such as high costs and reliance on accurate financial records. Key features include its analytical nature, objective-setting capabilities, and the provision of both financial and non-financ

Author

ashubham3191

Language

EN