Answer
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Work Step by Step
Employers will expect that employees are not only good at keeping financial records, but also that they will use their skills in planning, controlling, and decision making to improve the company. Managerial accounting produces tangible results which all employers want to see from accountants.
Nowadays, the scope of accounting has widened from just making journal entries to participation in decision making. The accountants should be aware of management accounting because they can give their suggestions and reviews about the company performance to the managers.
Accountants, being aware of management accounting, can help the management in conducting the cost-benefit analysis of every projects. Further, they can assist the managers in planning and informed decision making.
Now, the companies do not need just an accountant. They seek people who have the capabilities of planning and decision making. The competition in accounting career is high. Hence, the knowledge of management accounting will help them the accountants to be exceptional among other candidates, achieve their targeted job and career progress.
