Cost Accounting: Planning and Control

Management's efforts to achieve organizational objectives rest upon the twin functions of planning and control. The planning function is essentially a decision-making process dealing with the establishment of desired results, the deployment of resources, and the creation of a communication system that permits the reporting and controlling of actual results and the comparison of these results with plans. The control function is the systematic effort by management to organize and marshal natural forces, human behavior, and material objects into a coordinated unit in order to accomplish plans.