Management accounting is generally focusing on estimating the future revenues, cost, and different measures to forecast things to do and their related results.
Managerial accounting encompasses many facets of accounting, inclusive of product costing, budgeting, forecasting, and more than a few financial analysis. This differs from monetary accounting, which produces and disseminates official economic statements for public consumption that conform to prevailing accounting standards.
Management accountants are threat managers, budgeters, planners, strategists, and decision-makers. They do the work that helps the company's owner, manager, or board of administrators make decisions.
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