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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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Describe the connection between planning, feedback, and controlling.

To determine

Explain the connection between planning, controlling and feedback.

Explanation

Managerial Accounting:

Managerial accounting refers to the internal accounting system that gives both financial and non-financial information for the internal users of the organization. This helps the manager in taking crucial business decisions.

There are three objectives of the managerial accounting that are planning, controlling and feedback. These objectives are interlinked with each other. Planning is the first objective in which the objectives are predetermined to be achieved in future...

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