Committee on Concepts and Standards-- Managerial Planning and Control.

Abstract This article presents the text of a report by the Committee on Concepts and Standards on Managerial Planning and Control of the American Accounting Association in the U.S. as of October 2, 1977. The committee considered a review of the applications of managerial accounting to not-for-profit organizations, but after some discussion, decided that from the viewpoint of the management accountant the distinctions between profit and not-for-profit organizations were relatively minor and not well documented. Accordingly, the committee decided to omit a specific reference to the not-for-profit sector. The management planning and control system consists of the policies, procedures, methods and practices used by the managers of an organization to achieve the organization's objectives. Some portions of this system remain relatively constant from day to day, e.g., computerized data processing procedures, and others are constantly growing, changing, evolving, e.g., interpersonal relationships, political alliances, etc.