Managerial accounting has developed like other economic and social sciences, as a result of economic and social growth and has great value in commercial and industrial societies. According to the Institute of Management Accountants (IMA) 'managerial accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy. The current economic community is characterized by increasing...