Role of Management Accounting

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Management accounting can be referred to as the process of discovering, measuring and been able to communicate economic information. This information is the one used to make decisions or judgments’ regarding operation, production and investment for an organization. Organizations require management accounting to know how efficient their budgets are, the costs involved in their operations and also determine how to allocate their funds. Management accounting is a very crucial role in the organization and Incase of any miscalculations can put the future of the firm in hitch  …

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