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Chapter 1






                          Overview






                                                                     Financial versus cost and
                    Data versus information
                                                                      management accounting









                       THE NATURE AND PURPOSE OF MANAGEMENT
                                                  ACCOUNTING







                                                      Cost
                                                    centres                     Responsibility
                                                                                  Accounting


                                                      Profit
                                                     centres



                                                                     Investment            Revenue
                   Planning, control and                                centres             centres
                      decision making





                                                              Operational




                    Strategic            Tactical













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