Explain the importance of planning, control, and decision making as a manager.Use 1-2 examples to stress the importance of each function relating to managerial accounting.As a managerial accountant, discuss how you would apply these methods in a manufacturing firm. Select a public manufacturing company (E.g., Ford Motor Co., Boeing, Caterpillar, Dow Chemical etc.) Discuss the elements of planning, control, and decision making that is used by that company. If this information is not readily available, assume what these elements might consist of. Summarize the main elements by including at least two examples relating to each function.
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