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Management Accounting Methods

oboloo Glossary

Management Accounting Methods

Management accounting methods are the tools used to provide decision makers with timely financial and non-financial information. The purpose of these methods is to enable organizations to better plan, monitor and control their operations through an understanding of the costs associated with them. Examples of management accounting methods include budgeting, cost analysis, and variance analysis. Through the use of these methods, organizations gain a more accurate picture of their financial health, allowing them to make informed decisions that will improve their bottom line.

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