functions
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
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.
Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing
Write down a short note on the influence of manager’s behavior in management accounting information?
Briefly illustrate the general role of accounting?
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
What do you mean by the term position analysis in a business? Briefly illustrate it.
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Assignment 1: A adjusted Trial balance table given below: Southwest Business School Q : Define partnership A partnership is A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
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