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Management accounting system should focus on tight cost controls and cost minimization

(1) Critically compare and contrast the differences between FINANCIAL STRUCTURE and CAPITAL STRUCTURE, and elaborate the importance of making sound capital structure decisions for an organization. (20 marks)


(2)“Management accounting system should focus on tight cost controls and cost minimization, with reports and analysis of these costs being its primary function.” Critically evaluate the above statement. Support your answers with relevant empirical research on the recent issues and challenges facing the management accounting development.

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