Question

Explain the relationship between management control and management accounting?

Answer 1

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Different systems, processes, or individual activities are in place to ensure that the strategies are executed. This is the management control function. Both management and management control make use of the information provided by the management accounting system through a structured management reporting system.

Answer 2

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• Management accounting has a broad use. It is the internal information system that supports the management control function, but also strategy formulation and goal setting. ... Different systems, processes, or individual activities are in place to ensure that the strategies are executed