Discuss the importance of managerial accounting as “decision-making

As a tool of decision making, managerial accounting has several importance, one of which is to help managers increase operational efficiency by planning ahead. Another importance is that it helps in analyzing all those costs that are relevant to decision making. Again, management accounting is important in that it helps managers define budgets before allocating resources to prioritized projects. Also, management accounting helps with targeting audience.

4 months ago