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4 Cards in this Set
- Front
- Back
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managerial accounting |
information for a companies internal usage it is not bound by outside rules like GAAP 3 objectives it provides information for: -planning organization actions -controlling the organizations actions -making effective decisions |
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Planning |
setting objectives and identifying methods to achieve those objectives |
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controlling |
managing the activity of the plan and taking corrective action as needed
it is achieved by comparing actual performance with expected performance |
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decision making |
the process of choosing between competing alternatives |
