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Questions and Answers
What is the simple definition of management accounting?
The provision of financial and non-financial decision-making information to managers.
According to the Institute of Management Accountants (IMA), what does management accounting involve?
Partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy.
What is another term for management accounting?
Cost Accounting.
What is the primary purpose of management accounting?
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Who uses the information gathered in management accounting?
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