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define management accounting.​

Sagot :

Leighdeeidn

Management accounting is the process of preparing reports about business operations that help managers make short-term and long-term decisions.

Marley96idn

Answer:

In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions. Management accounting is the process of preparing reports about business operations that help managers make short-term and long-term decisions. It helps a business pursue its goals by identifying, measuring, analyzing, interpreting and communicating information to managers.For example, Raj is the CFO for a manufacturing company. Everyday, Raj deals with financial decisions that could make or break the company. As a result, he advises the business from the perspective of its profits, cash standing, and costs.The main objective of managerial accounting is to maximize profit and minimize losses. It is concerned with the presentation of data to predict inconsistencies in finances that help managers make important decisions.

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