In order to assist managers in making both short- and long-term choices, accounting management is the process of creating reports about business operations. By locating, evaluating, interpreting, and conveying data to managers, it aids a company in achieving its objectives.
Helping management with its planning, directing, and controlling responsibilities is the key goal.
The scope of accounting management is so extensive that it encompasses a study of every area of contemporary accounting, with an emphasis on the function that unites management with accounting—that is, the ability to make decisions effectively based on the right information.
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