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Management accounting\xa0helps\xa0managers\xa0within a company make decisions. Also known as cost\xa0accounting,\xa0management accounting\xa0is the process of identifying, analyzing, interpreting and communicating information to\xa0managers\xa0to help achieve business goals.\xa0In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.\xa0