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
Assignment 1: A adjusted Trial balance table given below: Southwest Business School Q : Define Cost Driver Cost Driver : Any Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
What do you mean by the term key performance indicators or KPI? Explain in brief?
Explain the term bank reconciliation statement?
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
What are the key qualities or characteristics which accounting information should possess?
What do you mean by the term reaping the benefits of IT? Explain n brief?
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
Describe the status of partnership from an accounting point of view? Answer: From an accounting point of view, partnership is a separate business entity. From legal
18,76,764
1934704 Asked
3,689
Active Tutors
1456677
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!