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Management Accounting: Costing and BudgetingLevel 5: Unit 9Lecturer: Matthew SmithBarrettUnit Content: (Syllabus) On successful completion of this unit a leaner will: Be able to analyze cost information
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What is management accounting?
Management accounting is the process of preparing financial information for use by a company's management to make decisions.
Who is required to file management accounting?
Management accounting is typically required to be filed by companies to help internal decision-making.
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Management accounting is filled out by compiling financial data, analyzing it, and presenting it in reports for management use.
What is the purpose of management accounting?
The purpose of management accounting is to provide timely and accurate financial information to aid in decision-making within a company.
What information must be reported on management accounting?
Management accounting reports typically include budgets, variance analysis, cost allocations, and key performance indicators.
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