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Unformatted text preview: properties/plants, establishing factory, opening retail location etc. Controlling : (Giving feedback that directing and planning are correct/organization is not deviating from its basic philosophy) Which types of strategy should follow, what type of labor should admit, what is size of assets we need? Objectives/Needs/Importance of Managerial Accounting To categorize and compute costs of production It gives future prediction for expenses and profits It gives information on which investment decisions can be based One can also discover inefficiencies within the organization It is also use to manage costs and manage the flow of cash It also helps in seeking opportunities which could be exploited by the firm...
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