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Chapter 1 Terms

Managerial Accounting BA231

QuestionAnswer
Goal of Managerial Accounting to provide the information managers need for planning, control and decision making.
Planning a plan communicates a company's goals to employees aiding coordination of various functions such as sales and production.
Budgets the financial plans prepared by managerial accountants.
Control control of organizations is achieved by evaluating the performance of managers and the operations for which they are responsible.
Performance reports reports used to evaluate the performance of managers and the operations they control.
Created by: jpost01
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