Planning and Control Decision: Planning decisions involve the selection of organization objectives, anticipation of results under different ways to accomplish objectives, and preparing a course of action to achieve the objectives. The course of action to achieve organizational objectives should be communicated in an entire organization. Control decisions involve the measure to implement the decided course of action and the ways to measure the progress of the action. It also involves monitoring the deviation of action from the decided path, such that corrective steps are taken. To identify: The management accounting guidelines that apply to the given items.

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Chapter 1, Problem 1.32P

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Planning and Control Decision:

Planning decisions involve the selection of organization objectives, anticipation of results under different ways to accomplish objectives, and preparing a course of action to achieve the objectives. The course of action to achieve organizational objectives should be communicated in an entire organization.

Control decisions involve the measure to implement the decided course of action and the ways to measure the progress of the action. It also involves monitoring the deviation of action from the decided path, such that corrective steps are taken.

To identify: The management accounting guidelines that apply to the given items.

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