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Question: Clinton and England (2016) refer to managerial (a.k.a., cost) accounting as a “decision science.” Incorporating managerial accounting is thought to focus on cause and effect to continuously improve understanding leading to enhanced awareness of what is needed to meet the organization’s vision, mission, goals and objectives. This does not reduce the importance of the other types of accounting (e.g., financial, tax, international, and/or auditing). Success requires a combination of knowledge, skills and willingness to try. That you are in this course indicates that you are purposefully developing that combination. What motivates you? What other insights can you share to reinforce or expand on this posting. Anyone?
Clinton, D. & England, B. (2016, September 1). Principles of healthy managerial costing. Strategic Finance.
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