Question

principles of management accounting

Answer 1

Influence:Communication provides insight that is influential. Management accounting begins and ends with conversations. It improves decision-making by communicating insightful information at all stages of decision-making. 

Trust:Stewardship builds trust. Accountability and scrutiny make the decision-making process more objective. Balancing short-term commercial interests against long-run value for stakeholders enhances credibility and trust....
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Relevance:Information is relevant. Management accounting scans the best available resources for information that is relevant to the decision that needs to be taken, the persons making the decision, and the decision style or process being used.