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RE: Management accounting as a fundamental tool in the process of financial operations.
Control accounting in terms of finance is extremely important for a company, but not enough, processes are needed to control the costs of all services, activities and products, because, although the inventory is part of the capital, if it does not move it can represent losses for the company. Therefore, it is necessary to know more and better the integral management of a company in order to make the right decisions.
Greetings @ emiliomoron. Accounting is so important and fundamental for organizations that allows you to make a complete evaluation of the entire organization through the numbers (financial reports), where management can determine strategic planning changes that will serve to make decisions regarding cost structure, expenses, investments, financing, taxes, dividends in short everything that is related to the resources (capital) of the organization.
Thank you very much for your comments.