Management Accounting Notes

MBS513 - Mangement Accoutning

Notes for Management Accounting

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Can be reliably measured and recorded) The communication of relevant information (makes a difference to decision making) through accounting reports in an aim to aide decision making Decision making used for a range of decisions by external and internal users Book Keeping: recording and summarising of financial transactions and the preperation of basic financial statements (part of the accounting process Accounting is important to internal users (managers who use the information to assist in various management functions) as it allows them to achieve Decision making in regards to the operations of a business ...

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