Chapter 18, Problem E18.14E

To determine

Directing: It is the process of instructing, motivating and supervising the subordinates and their actions in order to achieve the set targets and minimize the wastage.

Creditors: They are the external entities who offer goods and services on credit to the organization at certain set terms. They make use of financial information to decide whether to offer credit or not.

Controlling: This function of management takes corrective actions in case of deviation from the set targets. Controlling aspect of management is dependent on planning.

Financial accounting: It is concerned with collecting, summarizing and analyzing accounting data for the users of financial statement.

Managerial: Management accounting is a decision making accounting which makes use of financial accounting information to forecast and estimate the organizational strategies and plans

Manager: A manager is one who gets the work done by others. His responsibility is to supervise, coordinate and control the work of subordinates.

Planning: It is a step by step process of deciding the future course of action in order to achieve the organizational goal.

Stockholders: Investors or shareholders are known as stockholders. They invest money in the organization and are issued share/stocks in return to claim holding of their interest.

To Identify: Match the statements with the given terms