Answered: nt Accounting Techniques?

Business

Accounting

nt Accounting Techniques?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 6Q: What is the purpose of management accounting?

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Question

What are the companies used Strategic Management Accounting Techniques?

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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What is the purpose of management accounting?
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