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managemnet accountant looks at the financial situation of a firm in the future and at the current one. these informations are however only for the internal use.
the financial situation need to be set so that it is easy to use, relevant informations within and up to date.
furthermore managment accounting covers only parts of the companiy and no the entire firm as financial accounting does.
a management accountant therefore needs to be able to set up a cash flow forecast, do budgeting, , contribution statements, break-even charts, investment apraisal.
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