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Management Accounting is a vital subject for MBA students, as it equips them with the tools and techniques necessary for effective decision-making within organizations. Unlike financial accounting, which focuses on historical financial performance for external stakeholders, management accounting emphasizes the internal use of financial and non-financial information to support strategic planning, control, and performance evaluation. It covers areas such as budgeting, cost analysis, variance analysis, and financial forecasting. Through this subject, MBA students learn how to interpret data, manage costs, and align financial strategies with business goals, ultimately enabling them to contribute to more informed, data-driven managerial decisions.