Question

What is the nature of Management Accounting?​

Answer 1

Management accounting utilizes special techniques and concepts in order to makeaccounting information more useful and functional for the management team. These techniques include standard costing, marginal costing, financial planning and analyses, budgetary control, cash flow, and so on.

Answer 2

Answer:

Management accounting is the provision of information required by management for such purposes as formulation of policies, planning and controlling the activities of the enterprise, decision making in the alternative courses of action, disclosure to those external to the entity.

Explanation:

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