About This Chapter
In the previous chapter, we concentrated on financial accounting, which is concerned with the performance and position of the entire organization. Business success, however, depends on the detailed information that is available to managers so that they can make decisions, investigate problems, set performance targets, and carry out their responsibilities of managing an organization or a part of it.
It is the responsibility of managers to plan and control activities whether this is for a division, branch, or a specific activity. To do this successfully, a manager requires detailed information in a timely manner to make appropriate decisions. Managers need data that is relevant to their responsibilities ...
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