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