Comparability-Accounting information
What do you mean by the term Comparability which is accounting information?
Expert
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 relevance which is accounting information?
The final payment in a partially amortized loan. The balloon payment repay the entire remaining principal and is usually larger than previous payments on the loan. Loan that is set up with balloon payments allow the borrower to make the purchase and have a lower payme
Write down a short note on the influence of manager’s behavior in management accounting information?
What do you mean by the term changing business landscape?
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
The process of testing a new software program using actual data and comparing the results to the alternative soft wares. The alternative can be new software or the organization's existing system. The test should be examined the software's accuracy and efficiency.
What do you mean by the term Reliability which is accounting information?
What are the various factors which occurred due to the changing business landscape?
Write down a short note on determining costs and benefits in decision making process?
Why most of the larger businesses are not managed as the single unit through one manager?
18,76,764
1933570 Asked
3,689
Active Tutors
1429203
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!