Management accounting is playing an increasingly important role by helping managers develop and implement strategy.

Question

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Management accounting provides relevant financial information, analysis, and insights to help managers make informed decisions and develop strategies that maximize the organization's performance and profitability. This helps managers to identify the key drivers of success and allocate resources effectively to achieve strategic goals. Therefore, it is true that management accounting is playing an increasingly important role in strategic management.

Management Accounting Is Playing an Increasingly Important Role by Helping