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What Are the Priorities and Principles of Managerial Accounting?
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It represents the formal viewpoints required to comprehend future or past outcomes.
It represents the link between the quantitative output of the managerial accounting goal and the input quantities used to achieve the result.
Objectives of managerial accounting
Managerial accounting objectives- Provides specific records used by supervisors. These reports are used for technical decisions such as the costof goods and services, identifying which goods need to be improved and making financial decisions about infrastructure and machines, among other things.
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