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What is Management Accounting: Definition & Scope about?
Management accounting provides accounting information that aids management in maximizing profits and minimizing losses. It combines scientific methods of data quantification with the art of data interpretation, focusing on future planning and decision-making rather than historical data. The scope of management accounting includes financial accounting, cost accounting, budgeting, and performance analysis, while its objectives encompass planning, controlling, and facilitating effective communication within th
- Author
- rahullguptaa2003
- Language
- EN