Influence of managers behavior-management accounting
Write down a short note on the influence of manager’s behavior in management accounting information?
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The Management accounting information is proposed to have a consequence on the behavior of such working in the business. The main reason for giving the information is to enhance the quality of the decisions. This must lead to activities that better contribute to the fulfillment of the objectives of business. In certain cases, though, the behavior change caused through management accounting is not beneficial. One of the possible effects is that the managers and staff will concentrate their efforts and attention on the features of the business which are being measured and will provide much less attention to the items which are not.
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:
The term used in governmental accounting to identify amounts that the governmental unit is authorized to spend for debt repayment, operating activities, and asset acquisition. The appropriations account is a budgetary account that acts as a control account for all budgeted expenditures. More usua
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
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.
State some contents of a partnership deed. Answer: A) Name of the firm.B) Name and complete address of the Partners.C) The date of formation and period of Partnership.D) Ratio in which gain or loss
Cost Finding: Cost finding methods generate cost data by analytical or sampling techniques. Cost finding methods are suitable for certain type of costs, like indirect costs, items with costs underneath set thresholds in the programs,
Fixed Cost: The cost which does not differ in the short term with the volume of action. Fixed cost information is helpful for cost savings by regulating existing capacity, or by removing idle facilities. Also termed as Non-Variable Cost or the Constan
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
Give reasons in favor of having a partnership deed. Answer: A) In situation of any dispute or doubt, Partnership deed is the gui
What do you mean by the term reaping the benefits of IT? Explain n brief?
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