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Management Accounting differs from regular accounting studies. It might look similar to regular accounting, but there’s a difference between managerial accounting and regular accounting. We maintain accounts book in regular accounting while in managerial accounting there occurs an interpretation of accounts and it primarily assists the management to take the right decision in terms of investment and expenditure. As far as the financial perspective is concerned, the task of managerial accounting is to help the management in taking appropriate decision. The overall subject pushes the management to make the right decisions and uplift the business to grow and prosper.
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