Managerial Accounting or Management accounting is not just a clearly defined system of accounts, but is a type of accounting which gives an ability to an organization to be organized in more effective and efficient manner. The primary emphasis of Managerial accounting is not to report outsiders; it focuses on internal planning and control activities.” So we can say that Managerial accounting not only requires the collection, analysis and interpretation of financial data, but also requires data like price of the product, demand for the product, sales volume and the amount of physical quantities and capacities.
TUTORS AT SCHOLARS JUNCTION FOR MANAGERIAL ACCOUNTING
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- * Chartered Financial Analyst (CFA)
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