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Managerial Accounting: The Corners...
Solutions
Managerial Accounting: The Corners...
What is meant by controlling?
Explain the term controlling.
Controlling:
Controlling refers to the procedure, in which the manager observes the implementation of the plan and takes necessary actions if needed.
Controlling is the second objective of managerial accounting. Managers are able to monitor the operations by comparing the real performance with the anticipated performance.
The managerial accounting information is used to analyze the real performance of the organization...
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