accounting
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It is the financial advice to the firm for growth of its business. Management accounting involves partnership in planning and decision making and suggesting expertise advice in financial reporting. It also considers the needs of the business by looking at the events which happens in and around a business organisation. It also provides non-financial decisions to managers of the firm.
The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required bh managers to make day-to-day and short term decisions.