This is a Managerial activity that is related to a lot of issues like collecting financial internal information by applying the following practices:
- interpreting, and
The information is ultimately reported to the manager of a company for achieving the objective of an organization. It is considered different from financial accounting due to its intention and objective related to managerial accounting. The purpose of this activity is to assist in reporting internal matters that are vital for functioning of a company. Ultimately company enjoy the benefit while taking major decisions.
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