BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Costing
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Accounting
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Decision making
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Management
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Detailed explanation-1: -Management accounting is also referred to as managerial accounting and is a discipline that is helpful in providing the management with financial information and the appropriate resources that will help managers in decision making.
Detailed explanation-2: -Managerial accounting can be used in short-term and long-term decisions involving the financial health of a company. Managerial accounting helps managers make operational decisions–intended to help increase the company’s operational efficiency–which also helps in making long-term investment decisions.
Detailed explanation-3: -It is the process in which companies record and report the pieces of financial data that go in and out of its business operations that allow both company managers and outside investors and analysts to understand the company’s health and make informed decisions.