Characteristics which accounting information posess
What are the key qualities or characteristics which accounting information should possess?
Expert
The accounting information must possess certain key qualities or characteristics which are as follows:
a) Relevance.b) Reliability.c) Comparability.d) Understandability.
Write a short note on the changing responsibilities of the management accountant?
In the deficiency of a partnership deed, how are mutual relations of partners managed? Answer: In the absence of Partnership deed, the mutual relations are managed b
What do you mean by the term provision of management accounting information?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Write down a short note on the Performance evaluation and control in decision making process?
Write down a short note on the Allocating resources in decision making process?
Fixed Cost: The cost which does not differ in the short term with the volume of action. Fixed cost information is helpful for cost savings by regulating existing capacity, or by removing idle facilities. Also termed as Non-Variable Cost or the Constan
Partnership Accounting: A business can be a firm, a partnership, or a solitary proprietorship. The corporation is incorporated at state level. The sole proprietorship is one person in business. A partnership is two or more than two persons with an agr
Cash Management: Cash Management is the management of cash balances of a concern in such a way as to maximize the accessibility of cash not invested in inventories or fixed assets and to ignore the risk of insolvency. According to Keynes there are thr
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