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Essay Details:
Essay text:
Management Accountants therefore are seen as the "value-creators" amongst the accountants. They are much more interested in forward looking and taking decisions that will affect the future of the organization, than in the historical recording and compliance (scorekeeping) aspects of the profession.
Aims
1. Formulating strategies
2. Planning and constructing business activities
3. Helps in making decision
4. Optimal use of resources
5. Supporting financial reports preparation
6. Safeguarding asset
Cost-Volume-Profit Analysis (CVP)
In management accounting, Cost-Volume-Profit Analysis (CVP) is a form of cost accounting...
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