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What is Understanding Managerial Accounting Concepts about?

Managerial accounting provides information to managers within companies to aid in decision making. It identifies, measures, analyzes, interprets, and communicates financial information to managers. Some key functions include budgetary planning, cost finding, cost and profit analysis, and performance reporting. Managerial accounting involves techniques like product costing and valuation, cash flow analysis, break-even analysis, constraint analysis, and inventory turnover analysis. It differs from financial a

Author

Jason Anthony Kho

Language

EN