Managerial accounting presents the reporting, analysis and interpretation of monetary data that decision-makers require to produce and refine organization strategy.Tax: Make sure the company pays applicable taxes and maximizes the deductions to which it's entitled.The management staff wants accounting in earning critical decisions. Business choices

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Financial accounting is a specific strategy of recording, processing and reporting a corporation’s business enterprise transactions. These transactions are recorded in financial statements that depth the Business’s financial health.The accounting cycle time period varies, but a common accounting period size is a single year, like a calendar or

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