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Use 3 paragraphs: Briefly describe and distinguish the 'planning' and 'control' aspects of management accounting. Give examples...

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Accounting

Use 3 paragraphs: Briefly describe and distinguish the'planning' and 'control' aspects of management accounting. Giveexamples of how management accounting information is used for bothplanning and control purposes in your organization.

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according to the Institute of Management Accountants IMA Management accounting is a profession that involves partnering in management decision making devising planning and performance management systems and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organizations strategy Planning A business must plan for success What does it mean to plan It is about deciding on a course of action to reach a desired outcome Planning must occur at all    See Answer
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