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Managerial Accounting for Decision Making - Essay Example

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Masters
Author : myles17
Essay
Finance & Accounting
Pages 16 (4016 words)

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Managerial Accounting for Decision Making Managerial Accounting for Decision Making Part A. 1. Tanya does not explain very clearly what she means by a management accounting system. Outline what she ought to have said and explained…

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Managerial Accounting for Decision Making

Horngren and Sundem, 1990. P- 4’ (MACINTOSH & QUATTRONE. 2010) Management accounting system is a part of the larger control system in the organization used to measure, monitor and motivate the managers and employees in the organization and also to coordinate with the other components of the organization like machine, information, material and technologies etc. For a robust control system it is necessary for the entire control mechanism to support each other, management accounting system can play a great part in coordinating and controlling all the activities in the organization. (MACINTOSH & QUATTRONE. 2010) Management accounting system not only helps in planning and coordinating activities of the organization but also plays a vital role in performance measurement and decision making by providing information for managers to make timely decisions, to be effective and efficient in the execution of the business and to improve overall performance of the organization. ...
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