Page 3 - 5.2 i. Manac Costing ITC Summarised Notes
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ITC EXAM PREP



                                                 Introduction







             •      Management accounting deals with accounting


                    information within the organisation, focussing on


                    critical information


                    •      so that operational and strategic planning can be


                           undertaken,


                    •      decisions can be made, control can be exercised


                           and problems addressed.


             •      There is no formal framework which regulates


                    management accounting.

             •      A logical mind and approach is, however, required to


                    deal with the aforementioned focus areas.


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