Influence of managers behavior-management accounting
Write down a short note on the influence of manager’s behavior in management accounting information?
Expert
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.
Cost Reduction: The procedure of looking for, finding and eliminating unwarranted expenses from the business to raise gains without containing a negative impact on the product quality. Most of the business managers will engage in periodic cost reducti
What do you mean by the term changing business landscape?
Outputs: Any product or service formed from the consumption of resources. This can comprise information or paper work produced by the completion of the tasks of an activity.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
The duties of each partner: The partners are beneath a fiduciary duty towards one another to: Render true accounts; Account for private gains; and Refrain from competition with the partnership firm.
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the
Significant costs associated with the disposal of asset. Accounting for asset retirement obligations requires estimating the cost and discounting estimate. The present value added to the asset's depreciable base and a liability is recorded for the obligation. Every year, interest expense is added
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
18,76,764
1943816 Asked
3,689
Active Tutors
1415247
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!