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how do you think managerial accounting practices can support strategy and decision making?

how do you think managerial accounting practices can support strategy and decision making?

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Managerial accounting is that part of accounts that involves with report preparation of various financial items, analysis and presenting accounting information in meaningful way that facilitates decision making. It is an integral part of current day decision making for organizations as it assists in comparison of the financial results with peers, identify core revenue generating areas of the business, analyzing cash flows and helps in taking investment decisions. It is through managerial accounting that companies formulate strategies for accounts receivables and payables credit period, future investment decisions or shut down of certain line of operations among others.

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