Management, Accounting Basics

Management: Organizations may not or may exist for the sole reason of profit. Though, information requires of the managers of both types of organizations are approximately the same, since the managerial process that is, planning, controlling and organizing is similar. All such functions have one thing in general and it is that they are all related with making decisions that have their own exact information needs. The emphasis on efficient and effectual management of organizations has considerably enlarged the demand for accounting information. The function of accounting as much as management is concerned was highlighted previous when we discussed regarding management accounting.

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