--%>
Assignment Help - homework help

Explain Responsibility Segment

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;

(ii) It is accountable for carrying out a mission, executing a line of activities or services, or generating one or a group of products; and

(iii) For the financial reporting and cost management aims, its resources and outcomes of operations can be obviously differentiated, operationally and physically, from those of other parts of the entity.

   Related Questions in Managerial Accounting

  • Q : Management accounting as an information

    Explain Management accounting as an information system in brief?

    		•
  • Q : Actual costing A function of measuring

    A function of measuring and assigning production costs to determine the unit cost. Actual revenue assigns the real cost of materials, labor, and overhead to ma

    		•
  • Q : Explain Cost or Benefit Analysis Cost

    Cost or Benefit Analysis: The Cost-benefit analysis (abbreviated as CBA) is an analytical device for assessing and pros and cons of moving forward with the business proposal. It is a process by which business decis

    		•
  • Q : Major tasks of board that runs the

    Write down a short note on the major tasks of board that runs the organization?

    		•
  • Q : What do you mean by the term Mission

    What do you mean by the term Mission statements? Briefly describe it.

    		•
  • Q : Explain Cash Management Cash Management

    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

    		•
  • Q : Elements of Partnership Three main

    Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr

    		•
  • Q : Explain Standard Costing Standard

    Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener

    		•
  • Q : Bank reconciliation statement Explain

    Explain the term bank reconciliation statement?

    		•
  • Q : Cash flows from operating activities

    The first section of the statement of cash-flow. Cash flows from operating activities include transactions (involving cash) that relate to the normal busi- ness activities of the entity. Cash-flows in this section usually involve cash and other current asset or curren

    		•