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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Management Accounting
What is the difference between control and performance evaluation. Thank you
Performance evaluation is measuring how well a company, a division, or manager is performing, both in terms of financial and non-financial terms.
Control is comparing actual costs with standard costs (as in variance analysis) and determining why things have changes so that measures can be taken to try and correct any problems.
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