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In your own words what is management accounting? In your own words what the importance of management accounting?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 8Q: What are the key differences between financial accounting and managerial accounting?

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Similar questions

What is business ethics? Is it possible to teach ethical behavior in a management accounting course?
What are the key differences between financial accounting and managerial accounting?
Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAP
Should a managerial accounting system provide both financial and nonfinancial information? Explain.
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Which of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitability