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Q: Conclusion of management accounting
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Is Management accounting starts where financial accounting ends?

Management accounting starts where financial accounting ends


Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?

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Cost accounting is a subset of management accounting, although the two are used interchangeably.


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1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting


How does cost accounting connect with financial accounting and management accounting?

Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.


Why Accounting is eyes and ears of management?

management accounting has been described as the eyes and ears of management


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1= Limitations of basic records:- Management accounting derives its information from financial accounting,cost accounting and other records. the strength and weakness of the management accounting,therefore, depends upon the strength and weakness of the records. 2= wide scope:- Management accounting has a very wide scope incorporating many disciplines.It considers both monetary as well as non-monetary factors.this all brings in exactness and subjectivity in the conclusion obtained through it.


What is management accounting information used for?

Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...


Discuss the nature and scope of management accounting?

difine the nature and scope of management accounting?


What are utility of management accounting?

The utility of management accounting is to take active and timely decision.