AN ESTIMATION OF ATTAINABLE IDEAL STANDARDS

Abstract

Accounting data have been used both for palnning and control processes of a firm, which are two fundamental tasks of management. In general, the planning processes include to set operational goals or sub-goals together with achieving them. The control processes are the processes which attempt to ensure that plans are developed and carried out so that the likelihood of the goals being achieved is maximized.

As a business enterprise grows in size and complexity, the planning and a steady pressure on the development of more effective ways of planning and controlling control processes become more important and there has been business operations.