Introduction to Management Accounting

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Management Accounting helps management of a company to create plans and policies for achieving organizational objectives. Management accounting utilizes the principles and the practices of Financial Accounting and Cost Accounting in addition to other modern management techniques for efficient operations of a company. For example, Management Accounting is concerned with aspect of costs and Include both Financial Accounting as well as Cost Accounting module. The main thrust of the management accounting is towards determining policy and formulating plans to achieve deserved objectives. Management Accounting makes corporate planning and strategy effective and meaningful.

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