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The Importance of Management Accounting
Accounting is referred to as the language of business, but this language of commerce and finance has its variations and limitations. Management accounting, compared to other categories of accounting,...
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Management Accounting for Decision Making
Management accounting is a function with many different objectives. In a previous post, the importance of management accounting to a company was shown. Now, a more specific view on decision making is...
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Proven Cost Accounting Concepts
Cost accounting can be seen as the whole process of recording costs in order to support management decision. To maximise its effects, companies use individually designed cost accounting concepts. In...
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Management Accounting Reports: 4 Step Implementation
A successful business needs steering. Management accounting reports are an essential part of that. It is therefore just normal that many management accountants are required to constantly create new...
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Recent Development in Management Accounting – 4 Areas
We all know and feel that the world is changing. Not only in our private life but also at work things have changed over the last couple of years. The skill set, role and tasks of a management...
View ArticleStrategic Management Accounting Definition: An Introduction
This article will provide an introduction to the strategic management accounting definition. Before delving into the topic, it’s important to state the difference between management accounting and...
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Quick Guide: Most Important Management Accounting Tools
Small business owners and managers have to make numerous critical decisions every single day. Management accounting tools help them make such decisions by providing data-driven input hence improving...
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Why Should You Read Management Accounting Theory?
Reading management accounting theory, in the simplest way put, is outright boring! What’s worse is when the task is to read up on management accounting theory. Now that could scare away the bravest of...
View Article5 Unique Ways to Explain the Scope of Management Accounting
For most of us, be it management accounting, financial accounting or cost accounting – well there isn’t really a lot of difference. Because it is still accounting – right? Well, no. And a big one at...
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