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What is Scope of Management Accounting Explained about?

Management accounting involves preparing internal reports for managers to aid short-term decision making. Unlike financial accounting which produces annual reports for external stakeholders, management accounting generates monthly or weekly reports showing cash, sales, orders, payables, receivables, debts, inventory, and trends. Management accounting is beneficial for banks by aiding collection, analysis and presentation of financial data, planning, cost reduction and control, pricing, performance measureme

Author
Muhammad Akmal Hossain
Language
EN

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