What is Management Accounting? Definition, Functions, Objectives, Scope

Management accounting is the accounting system for making decisions of the business enterprise. Management accounting furnishes the necessary information to assist the business enterprise to make rational decisions through the development of policies and procedures in order to meet the day to day commitments of the enterprise.

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Classification of Cost

Classification of Cost Natural Classification of CostAccording to VariationDegree of changeabilityDegree of RelationFunctional Classification of CostAssociation with the Accounting PeriodCosts for Decision-Making and PlanningCosts for ControlOther Costs Classification is the…

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