How useful is the management accounting information is
Briefly define how useful is the management accounting information is?
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There are arguments and convincing proof that management accounting information is regarded through managers as being helpful to them. There have been many research surveys which have asked managers to rank the significance of management accounting information, in relation to the other sources of information, for decision-making aims.
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
Write down a short note on the Performance evaluation and control in decision making process?
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A plan for the cash coming into and going out of a business. Based on the sale forecast, the timing and amounts of cash receipts. Based on forecast of resources necessary to meet the sale forecast, management budgets the cash disbursements. This proc
Estimated Cost: The procedure of projecting a future outcome in terms of cost, based on information accessible at the time. The estimated costs, instead of actual costs, are at times the basis for credits to work-in-process accounts a
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
What do you mean by the term key performance indicators or KPI? Explain in brief?
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