Page 99 - MAC4861_2 Costing Class Slides Part 1
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TEST 3 - COSTING
Cost management techniques / principles
Strategic management accounting (SMA)
Ensure that you can describe the following concepts briefly in
a paragraph:
1 Action or behavioural controls
2 Personnel, cultural and social controls
3 Results or output controls
4 Cybernetic control systems
5 Feedback and feed-forward controls
6 Life-cycle costing
7 Target costing
8 Kaizen costing
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