Introduction of the term Management Accounting
Provide a brief introduction of the term Management Accounting?
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Management Accounting is the procedure of study, presentation and interpretation of accounting information gathered with the assist of cost accounting and financial accounting, in order to aid management in the procedure of decision making, creation of policy and daily operation of an organization. Therefore, it is clear from the above that the management accounting is based on cost accounting and financial accounting.
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I have reviewed the questions within the assignment and I am confused on how to read the financial statement (maybe because we did not cover this information within the class.) I understand the basics of financial statements and I understand the terms used within the questions, but I am not sure I a
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