1 Management, the Controller, and Cost Accounting
• Learning Objectives
After studying this chapter, you will be able to:
1. Model the management process as three interrelated activities: planning, organizing, and control.
2. Identify and distinguish three kinds of plans: short-range, long-range, and strategic.
3. Identify and differentiate the tasks in which management is aided by information about costs and benefits.
4. Identify which of the management accountant’s ethical responsibilities apply to a particular ethical issue.