1. Describe how managers make use of management accounting information. List two common methods of data protection which managers use to secure management accounting information.
2. Briefly explain the planning and control activities in management accounting. How are these two activities linked to each other? List two common routines for recording and storing financial data.
3. Explain how a budget can help management implement strategy. Identify two practices of budgetary control which may be applied on a regular basis to preserve the integrity of the accounting control process.