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Cost Accounting: Information for Decision Making

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After reading this chapter, you should be able to:

 

  LO 1   Describe the way managers use accounting information to create value in organizations.

 

  LO 2   Distinguish between the uses and users of cost accounting and financial accounting information.

 

  LO 3   Explain how cost accounting information is used for decision making and performance evaluation in organizations.

 

  LO 4   Identify current trends in cost accounting.

 

  LO 5   Understand ethical issues faced by accountants and ways to deal with ethical problems that you face in your career.

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