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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What is meant by controlling?

To determine

Explain the term controlling.

Explanation

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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