How can accounting control techniques be applied to the running of the organisation under the mechanical metaphor?

Question

Answer

Set objectives, develop standard costs and budgets, implement the budgets and take corrective action when actual results deviate from standard performance

Answer

Set objectives, derive a set of key performance indicators and take corrective action when actual results deviate from the organisational goal

Answer

Set objectives, develop financial statements, analyse financial ratios and take corrective action when some ratios are well below acceptable benchmarks

Answer

Set objectives, develop financial statements and use CVP model to analyse the actual result

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How can accounting control techniques be applied to the running of the organisat...

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