Explanation of objectives of budgetary control system, Managerial Accounting

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Problem 1

Management accounting is sensitive to management needs; however, it assists the management and does not replace it. Write down in detail the scope of management accounting.

  • Explanation of each point to be given

Problem 2

Budgetary control is a strong business tool that helps companies maximizes profits. Explain the characteristics and objectives of a budgetary control system.

  • Explanation of characteristics of budgetary control system
  • Explanation of objectives of budgetary control system

 

 


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