In 1982, the IMA defined management accounting as follows: The process of identification, measurement, accumulation, analysis, preparation,

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In 1982, the IMA defined management accounting as follows:

The process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within the organization and to assure appropriate use of and accountability for its resources.

Compare this definition with the updated one that appears in LO 1. How has the emphasis changed?


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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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