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This is a study guide not a cheat sheet. Budgets result from the planning process and managers use them to translate the organization's goals into action. A performance report compares actual results to the budget. All in all, managers use these reports to monitor, evaluate, and reward performance and thus exercise control.
Financial accounting is the area of accounting concerned with reporting financial information to interested external parties. Most types of people who employ the techniques of financial accounting are outside parties such as investors and government agencies. This is a study guide not a cheat sheet...
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Common topics in this essay:
- Accounting for Managers
- Accounting for managers
- An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
- Critical Managerial Skills with Total Quality Management
- Financial Analysis for Managers
- Management - Complexity of Managers
- Management Issues facing Global Managers as we enter the 21st Century
- Management Theory And Its Effect On Managers Today
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