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Management Accounting and the Planning Process – 1
Management accounting and the planning process – 1
Missions, Objectives, Aims, Goals, Targets and Plans

Accounting and business textbooks often use terms such as missions, objectives, aims, goals, targets, and plans interchangeably. It is a good idea to consider the meanings of these terms in order to avoid misunderstanding and/or ambiguity. The definitions given below are not the only possible ones. In the practical accounting/business situation, it is important that users of such terms ...

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