Define Differential Cost
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Write a short note on selecting strategic options and formulating the plans?
What is the various information that a manager need to make a decision?
Describe Provisional Entries?
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
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Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
Write a short note on the changing responsibilities of the management accountant?
What do you mean by the term Understandability which is accounting information?
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