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.
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
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
What do you mean by the term changing business landscape?
What are the possible broad regions of decision making process where management accounting information is required?
Job Costing: It is an order-specific costing method, utilized in situations where each job is distinct and is executed to the customer's specifications. Job costing includes keeping an account of direct and in-direct costs. Q : Characteristics which accounting What are the key qualities or characteristics which accounting information should possess?
What are the key qualities or characteristics which accounting information should possess?
Common Data Source: All of the programmatic and financial information available for the cost, budgetary, and financial accounting processes. This comprises all financial and much non-financial data, like environmental data, which are
Briefly define the term Strategic management and also state the reason why it is designed?
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
18,76,764
1954969 Asked
3,689
Active Tutors
1426796
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!