Characteristics which accounting information posess
What are the key qualities or characteristics which accounting information should possess?
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The accounting information must possess certain key qualities or characteristics which are as follows:
a) Relevance.b) Reliability.c) Comparability.d) Understandability.
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Define the term Strategic management Briefly define the term Strategic management and also state the reason why it is designed?
Briefly define the term Strategic management and also state the reason why it is designed?
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
Briefly describe the main purpose of the business?
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
The duties of each partner: The partners are beneath a fiduciary duty towards one another to: Render true accounts; Account for private gains; and Refrain from competition with the partnership firm.
The amount of interest that an organization would have avoided if it had not made the expenditures for an asset. Avoidable interest is calculated when an entity is self- constructing an asset. The cost of the asset can include material, labor, and overhead plus some interest. The c
Write a brief note on the things which Opportunities comprises?
Write down a short note on the influence of manager’s behavior in management accounting information?
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