Question

"Management accounting is accounting for effective management." Explain
this statement.
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Answer 1

Answer:

In management accounting or managerial accounting, mangers usee the provisions of accounting information in order to better inform themselves before they decide matter within their organizations, which aids their management and performance of control functions. 

Management accounting is  profession that involves partnering in mnagement decision making, devising planning and managment systems.

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Answer 2

In management accounting or managerial accounting, mangers usee the provisions of accounting information in order to better inform themselves before they decide matter within their organizations, which aids their management and performance of control functions.