Managerial Accounting Assignment Help | Myassignmentpro

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MANAGERIAL ACCOUNTING ASSIGNMENT HELP
Managerial accounting is a specialized branch of
accounting that focuses on providing financial
information to managers for internal
decision-making. Unlike financial accounting,
which reports to external stakeholders. www.mya
ssignmentspro.com
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IMPORTANCE OF ACCURATE FINANCIAL RECORDS
Cost Behavior Analysis Understanding how costs
change with variations in production levels.
Budgeting and Forecasting Preparing and
analyzing budgets for better financial
control. Variance Analysis Comparing actual
performance with budgets to assess
efficiency. Cost-Volume-Profit Analysis (CVP) An
alyzing how changes in costs and sales volume affe
ct profit. Break-even Analysis Determining the
sales level at which a business covers all its
costs. Performance Metrics Using financial
data to evaluate the effectiveness of business
units and departments.
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FUNDAMENTAL ACCOUNTING PRINCIPLES
Accrual Basis Revenues and expenses are recorded
when they are earned or incurred, not when cash
is received or paid.
Double-Entry Accounting Every business
transaction is recorded as a debit and a
corresponding credit, ensuring the books are
always in balance.
Consistency Accounting methods and practices must
be applied consistently across reporting
periods to ensure financial statements are
comparable.
Full Disclosure Financial statements must provide
all material information needed for users to
make informed decisions about the company.
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