Managerial accounting is
referred as one of the internal business functions of enterprise, which includes
recording as well as reporting of transactions within the organization. The major
role managerial accounting play, is to support the management and provide fair
analysis as well as take up different types of decisions.
In Managerial
accounting, people involved in decision making are shareholders,
stakeholders etc. Managerial accounting also help in decision making within the
enterprise. Managerial accounting takes into consideration generation of the
reports mainly for top level management people within the organization.
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