Especially in business, there is always a need for management control as I usually tell people every single time
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Especially in business, there is always a need for management control as I usually tell people every single time
Hi Sammywrite, management accounting is very important. I consider it the main tool for making sound business decisions. This type of accounting is applied everywhere, in industrial logistics, production, marketing, projects, and corporate investments.
The modern era of management accounting, in my opinion, began with the studies of Frederick W. Taylor, who introduced the concept of process measurement and control.
!hiqvote