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- Managerial accounting is a branch of accounting that focuses on providing information to internal users, such as managers and executives, to aid in decision-making.
- It involves the collection, analysis, and interpretation of financial and non-financial data to support planning, controlling, and decision-making processes within an organization.
- Managerial accounting helps managers make informed decisions about resource allocation, cost management, performance evaluation, and strategic planning.
- It plays a crucial role in helping organizations achieve their goals and objectives.
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