Problem 1
Management accounting is sensitive to management needs; however, it assists the management and does not replace it. Write down in detail the scope of management accounting.
- Explanation of each point to be given
Problem 2
Budgetary control is a strong business tool that helps companies maximizes profits. Explain the characteristics and objectives of a budgetary control system.
- Explanation of characteristics of budgetary control system
- Explanation of objectives of budgetary control system