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how management accounting affects in the formulation of the short-term goals and long-term goals of a business

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 7MC: Management accounting: emphasizes special-purpose information relates to the company as a whole is...

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how management accounting affects in the formulation of the short-term goals and long-term goals of a business

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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