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What is Understanding Managerial Accounting about?
Managerial accounting provides information to managers within an organization to help them direct operations and control the business. It focuses on product costs, budgets, performance reports, and other information needed for planning and control. Traditional managerial accounting systems measure process efficiency but have been criticized for not changing with the business environment. Newer approaches like activity-based costing, the balanced scorecard, and bottleneck accounting provide a clearer picture
- Author
- cric6688
- Language
- EN