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Management Accounting Notes
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Management Accounting Notes

AFC2131 - Management Accounting

47 Pages Monash University Complete Study Notes Year Uploaded: 2017

2. Recognize the differences between traditional and modern costing systems Traditional approaches to costing ¥ Monitors financial performance ¥ Controls what’s going on inside the organisation ¥ Provides information to help managers control cost ¥ Looks at difference between actual & planned/budgeted costs ¥ Estimates costs of organisational units (e.g. departments) and/or products (goods and services)

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