Managerial and Regulatory Accounting
Managerial accounting supports decision-making through product, process, project and other calculations. Expenses and income are gradually allocated to their respective controlling objects based on these calculations. This approach also enables more accurate allocation of indirect costs of activities and processes to particular products and projects. Regulatory accounting focuses on regulatory requirements realisation in the area of corporate financial management and helps achieve quality information and higher transparency for the purposes of performance and regulatory risks management.
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