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Compare and contrast between data and information

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Reference no: EM133094841

Question - The management accounting practices have changed greatly during the last decade. The globalization and liberalization of markets leads to intensive competition which subsequently demand new management practices. This has led to the increased role of management accounting in providing information that facilitates and influences decision-making in companies.

Required -

a. Compare and contrast between data and information.

b. Explain the attributes of good information.

c. Discuss the limitations of management information in providing guidance for managerial decision-making.

Reference no: EM133094841

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