What is the importance of cost and management accounting in an internal environment of a growing industries?

what is the importence of cost and management accounting to an organisation

 Cost accounting  of collecting, analyzing, summarizing and evaluating various alternative courses of action.
Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability .
Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future.
Since managers are making decisions only for their own organization,  Cost accounting information is commonly used in financial accounting information, but first we are concentrating on its use by managers to make decisions.
the element of cost accounting are : the labar, raw materials and the indirect overhead.
the management accouting were developed to serve the core needs of internal business managers to improve decision support objectives, internal business processes, resource application, customer value, and capacity utilization needed to achieve corporate goals in an optimal manner.
the importance of mangement accounting for use inside an organization must reflect the reality of the operations and resources used by the organization in monetary terms.
Unlike financial reporting, where the objective focuses on external investors and creditors seek to compare investment options across the capital markets, management accounting focuses on the economic choices and constraints within an organization.
The first principal part deals with the actual modeling of a company's operations, where the management accountant establishes and builds causal relationships based on the principle of causality and related management accounting concepts.