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Relating Departmental Performance to the Big Picture

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Learning Objectives

By the end of this chapter, you should be able to:

•  Relate the principles of finance and accounting to functional responsibility.

•  Describe how the financial planning and management of the parts of the company integrate to create the consolidated financial plans and results.

•  Explain the financial relationship between a manager’s functional activities and the company as a whole.

•  Describe the key external events and circumstances a manager should track to navigate the shifts in the marketplace.

OVERVIEW

Throughout this course we have looked at financial ...

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