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Armelo Sithole profile image
Armelo Sithole profile image

Armelo Sithole

9/10 starsTaking Now
3 years, 2 months ago
I want to thank ACCA for the great opportunity that they are offering to me.I am from South Africa in Gauteng.This course is so marvellous and I learn new things everyday and every time.I learn wherever I go... I want to thank ACCA for the great opportunity that they are offering to me.I am from South Africa in Gauteng.This course is so marvellous and I learn new things everyday and every time.I learn wherever I go anytime.I now have clue on how to deal with calculations. I am looking forward to gain more and more experience. Thank you once more again ACCA
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Thamayanthi Thamayanthimakesh profile image
Thamayanthi Thamayanthimakesh profile image

Thamayanthi Thamayanthimakesh

6/10 starsTaking Now
1 year, 10 months ago
Management accounting was introduced in 1950. It helps to take decision making to the management. The process of preparing management reports and accounts that provide accurate and timely financial and stati... Management accounting was introduced in 1950. It helps to take decision making to the management. The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions. Unlike financial accounting, which produces annual reports mainly for external stakeholders, management accounting generates monthly or weekly reports for an organization's internal audiences such as department managers and the chief executive officer. These reports typically show the amount of available cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance analysis, and other statistics.
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