Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
i nvol ves establ i shi ng basi c strategy, sel ecti ng a course of acti on, and speci f yi ng
Pl anni ng
how the acti on wi l l be i mpl emented
i nvol ves establ i shi ng basi c strategy, sel ecti ng a course of acti on, and speci f yi ng
Pl anni ng
how the acti on wi l l be i mpl emented
D i recti ng and Moti vati ng mobi l i zi ng peopl e to carry out pl ans and run routi ne operati ons
i nvol ves mobi l i zi ng peopl e to carry out pl ans and run routi ne operati ons D i recti ng and Moti vati ng
, Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
i nvol ves ensuri ng that the pl an i s actual l y carri ed out and i s appropri atel y
Control l i ng
modi f i ed as ci rcumstances change
i nvol ves ensuri ng that the pl an i s actual l y carri ed out and i s appropri atel y
Control l i ng
modi f i ed as ci rcumstances change
budgets prepared annual l y and represent management's pl ans i n speci f i c, quanti tati ve terms
prepared annual l y and represent management's pl ans i n speci f i c, quanti tati ve terms budgets
, Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
control l er manager i n charge of the accounti ng department
manager i n charge of the accounti ng department control l er
D eal s wi th the routi ne of the here and now. -assi gn tasks to empl oyees -arbi trate
What do managers do i n the di recti ng and moti vati ng stage? di sputes -answer questi ons -sol ve on-the-spot probl ems -make many smal l
deci si ons that af f ect customers and empl oyees
f eedback provi ded by vari ous reports whi ch si gnal whether operati ons are on track
, Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
provi ded by vari ous reports whi ch si gnal whether operati ons are on track f eedback
perf ormance report compares budgeted to actual resul ts
compares budgeted to actual resul ts perf ormance report
i nvol ves the smooth f l ow of management acti vi ti es f rom pl anni ng through di recti ng
pl anni ng and control cycl e
and moti vati ng, control l i ng, and then back to pl anni ng agai n
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
i nvol ves establ i shi ng basi c strategy, sel ecti ng a course of acti on, and speci f yi ng
Pl anni ng
how the acti on wi l l be i mpl emented
i nvol ves establ i shi ng basi c strategy, sel ecti ng a course of acti on, and speci f yi ng
Pl anni ng
how the acti on wi l l be i mpl emented
D i recti ng and Moti vati ng mobi l i zi ng peopl e to carry out pl ans and run routi ne operati ons
i nvol ves mobi l i zi ng peopl e to carry out pl ans and run routi ne operati ons D i recti ng and Moti vati ng
, Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
i nvol ves ensuri ng that the pl an i s actual l y carri ed out and i s appropri atel y
Control l i ng
modi f i ed as ci rcumstances change
i nvol ves ensuri ng that the pl an i s actual l y carri ed out and i s appropri atel y
Control l i ng
modi f i ed as ci rcumstances change
budgets prepared annual l y and represent management's pl ans i n speci f i c, quanti tati ve terms
prepared annual l y and represent management's pl ans i n speci f i c, quanti tati ve terms budgets
, Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
control l er manager i n charge of the accounti ng department
manager i n charge of the accounti ng department control l er
D eal s wi th the routi ne of the here and now. -assi gn tasks to empl oyees -arbi trate
What do managers do i n the di recti ng and moti vati ng stage? di sputes -answer questi ons -sol ve on-the-spot probl ems -make many smal l
deci si ons that af f ect customers and empl oyees
f eedback provi ded by vari ous reports whi ch si gnal whether operati ons are on track
, Managerial
Managerial Accounting Acco
Chapter unting
2 Study Chapter 2
Guide
Study this set o nline at: https://www.cram.co m/flashcards/managerial-acco unting-
chapter-2-3050074
provi ded by vari ous reports whi ch si gnal whether operati ons are on track f eedback
perf ormance report compares budgeted to actual resul ts
compares budgeted to actual resul ts perf ormance report
i nvol ves the smooth f l ow of management acti vi ti es f rom pl anni ng through di recti ng
pl anni ng and control cycl e
and moti vati ng, control l i ng, and then back to pl anni ng agai n
