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Unformatted text preview: 1 Ch. 1 – Intro. Managerial Accounting ADM 2341 Ch.1 Introduction: Management Accounting • Management accounting: information to make decisions or to influence behaviour • Primary focus is on users within an organization Strategic Planning: Management Control: Focus on organization’s objectives Effectiveness and efficiency of resource use Framework for Management Accounting 2 Ch. 1 – Intro. Managerial Accounting ADM 2341 Planning and Controlling • Planning involves setting objectives and the means to their attainment • Controlling involves the implementation of plans(actions) and the use of feedback to monitor achievements (evaluation) Planning Action Evaluation 3 Ch. 1 – Intro. Managerial Accounting ADM 2341 Product Life Cycle • The focus of management accounting control methods vary as the product passes through its product life cycle • There are no mature industries? Only mature products? IBM?...
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This note was uploaded on 09/13/2011 for the course ADM 2341 taught by Professor Managerialaccounting during the Winter '07 term at University of Ottawa.
- Winter '07