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Essay text:
These events (transactions) are classified and summarized for internal decision making and for external financial reporting
2.Cost accounting systems: They are used in manufacturing and service environments. These allow organizations to track the costs associated with the production of goods and/or performance of services. In addition, the AIS can provide advanced analyses for improved resource allocation and performance tracking.
3.Management accounting systems: They are used to allow organizational planning, monitoring, and control for a variety of activities. This allows managerial level employees to have access to advanced reporting and statistical analysis...
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Common topics in this essay:
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