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3 Cards in this Set
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Management Accounting Main Process:
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Management accounting provides valuation and recording of financial data as the basis for all cost- and revenue-related reporting.
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Management Accounting business goals and objectives:
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+ Increasing Revenue:
Maximize profitability by customer + Reducing Operating Costs & Increasing Efficiency: Reduce cost-of-goods-sold (COGS) Improve inventory visibility |
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Management Accounting four major concepts:
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Projects
Profit Centers Budget and Purchase Accounts Posting System (PAPS). |
