Managment Accounting, Financial Control, Management Control, Strategic Management Accounting (Sma)

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Raymond D


Date added:

June 10, 2011








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14 / 3904


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We will also see how efficient and effective Taylor was in utilizing his resources given the limited number of employees and the outsourcing of his production to save underutilization costs. Secondly, we will examine the spreadsheet which was flexible enough to alter according to the changing needs, of which Taylor had made good use of, by making a model which has all the elements programmed in it, which assisted Taylor in decision making and forecasting sales, which resulted into preplanning for the future...
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Financial Control include comparison of what you have actually achieved with what you have planned in your budget and as such it is one business function amongst many, and comprises but one facet of the wider practice of management control. A subset of management controls are the internal controls used to assure that there is prevention or timely detection of unauthorized acquisition, use, or disposition of the entity's assets with money being used as a convenient measure of variety of other more complex dimensions not as an end in itself...
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