What are the tools that management accounting provides for businesses?

Management Accounting contribute in facilitating various tools within an organisation. This ranges from analysing the HR, raw materials, addressing various topics found in an internal structure of the organisation as this information is intended to be used by Managers within an organisation during the execution of their control functions. In view of the Cost Analysis for the manufacturing entity the whole background is intended to the marginal Costing is clearly the core aspect of traditional management accounting.

Some of the classical applications of management accounting, however, have begun to lose their significance. The question thus arises: What is the current role of Marginal Costing in modern management accounting?

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