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Managerial Accounting: Managerial accounting gives an idea about the internals of the organization. Managers use management accounting concepts to take important decisions related to the business. One can make better decisions about company future after studying managerial accounting. Information provided by the managerial accounting is sensitive to the organization. Both the financial and the cost accounting deals with the piling and arrangement of information so as the management can work more efficiently, and the outsiders can get what they want easily.
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