Comparability-Accounting information
What do you mean by the term Comparability which is accounting information?
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Comparability: This quality will allow managers to recognize changes in the business over time. This will as well help them to compute the performance of the business in relation to other identical businesses. Comparability is accomplished by treating items which are fundamentally the same in similar way for management accounting aims. Comparability tends as well to be improved by making clear the policies which have been adopted in measuring and representing the information.
What do you mean by the term key performance indicators or KPI? Explain in brief?
Responsibility Segment: A noteworthy organizational, functional, operational, or process component that has the characteristics as: (i) Its manager reports to the entity's top management;
A company has production facilities in several countries. Some of the products they sell are produced in stages (Raw Materials -> Pre-Assembly -> Assembly -> Finished Product) based on the technologies and materials involved (see Table 1). Q : Adjunct account An account in financial An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Give reasons in favor of having a partnership deed. Answer: A) In situation of any dispute or doubt, Partnership deed is the gui
Write a short note on the main working areas of the Marketing department?
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
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A company's annual report is the single most important way for it to convey itself to potential investors. As such, it should be no surprise tha
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