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Managerial accounting is the set of techniques and rules which aims at providing efficiency to managers and to make decisions and sustain efficient control on corporate sectors. It is the process of identifying, analyzing, measuring, communicating and interpreting the organization’s goals. It basically aims at providing help to managers to make decisions and judgments within an organization. Managerial accounting deals with the marginal analysis and profit and cash flow that are generated by sale of a product.
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