👉 Improficiency is a term used in the field of management accounting to describe the situation where an organization fails to meet its financial targets or objectives. This can happen due to various reasons such as poor decision-making, inadequate resources allocation, mismanagement of cash flow, and lack of strategic planning. Improficiency can lead to negative consequences for the organization, including reduced profitability, increased costs, and potential legal issues. Therefore, it is important for organizations to identify and address inefficiencies in their operations to
