Management accounting presented inunderstandablehumanaccessiblelanguage.
Management accounting presented inhumanaccessiblelanguage.
These terms had been confusing me for a long period of time, but then I realized that the budgeting is a type of planning. So many businesses doing what-they-call budgeting are actually involved in planning. It is a good idea as many enterprises do not consider planning at all.
Someday any large enterprise with the managerial accounting will need to draw up an expenditure budget for the subdivisions.
