Question

Use of management accounting is

Answer 1

Managerial accounting, such as weekly or daily budgeting, is used to help managers make decisions that increase the organization's operational effectiveness and efficiency. ... Conversely, managerial accounting is used internally to make efficiency improvements within the company.

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Answer 2

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Managerial accounting can be used in short-term and long-term decisions involving the financial health of a company. Managerial accounting helps managers make operational decisions–intended to help increase the company's operational efficiency–while also helps in making long-term investment decisions.