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Sukhpreet Singh
on Nov 13, 2024

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Managerial accounting uses only past data in reports to aid management in the decision-making process.

Managerial Accounting

The practice of analyzing, interpreting, and providing information to management for planning, decision making, and operational control.

Past Data

Historical information and statistics that are analyzed for trends, forecasting, or decision making in various contexts.

  • Gain insight into the characteristics and goals of managerial accounting.
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Andrew MorrissetteNov 15, 2024
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