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Accounting therefore does not provide a comprehensive account of the happenings in a company or an accurate picture of the states of the organization. Managerial accounting is done in order to present a specific logical money-based mathematics to managerial decisions. From the standpoint of practical hierarchy, cost accounting is thought of as a component of managerial accounting.
If it comes to profit, accounting becomes an essential part of business. With this kind of a discipline, it’s easy for a company to make the best decision during production so they can maintain their profit at a particular level. International marketing is the competency of an economy to promote its product in practically every country. It must be able to adapt to the needs of consumers located in different countries. International strategy can’t be consistent in a situation like this.
