Introduction to Management accounting

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Last updated 7:06 PM on 5/22/26
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8 Terms

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What is management accounting

The application of the principles of accounting & financial management to create, protect, preserve and increase value for the stakeholders of profit & not- for - profit enterprises in the public & private sectors.

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Main areas of management accounting?

1. planing

  1. Control

  2. Decision making

  3. Costing

5. Performance evaluation

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What is the equation to find variable cost per unit?

Vc/ unit = change in cost/ change in activity level

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Total fixed cost equation?

Tfc= TC - TVC

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