Illustrate the general role of accounting
Briefly illustrate the general role of accounting?
Expert
The general role of accounting that is to assist people in making informed business decisions. All forms of accounting, comprising management accounting, are mainly concerned with collecting and analyzing financial information and then communicating this information to such making decisions.
Write a short note on the changing responsibilities of the management accountant?
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
What do you mean by the term SWOT analysis? Explain in brief?
Write down the scope of Management accounting?
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
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
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Activity Analysis: The identification and explanation of activities in an association. The activity analysis comprises determining what activities are completed within a department and how many people execute the activities, how much
Investor Relations: A department, exist in most medium to big public companies, which gives investors with a precise account of the company's affairs. This aids investors to make informed sell or buy decisions. Inv
Why you want to be an accountant? Normal 0 false
18,76,764
1958070 Asked
3,689
Active Tutors
1439922
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!