What is the most important role of management accounting?
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Management accounting is so important because it acts as a bridge between the finance function and other parts of the business. It helps the management controlling the entity. Its key tasks, assuring a long time company success, are: Pricing.
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Another key role of management accounting is to help managers decide on the prices of products, by providing all the information regarding costs, market factors, and profitability. ... Essentially, management accountants provide key insights that help a company's management team make many of their decisions
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