Key areas which business objectives want to achieve
Write a short note on the key areas which business objectives want to achieve?
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The major wants are as follows:
a) Specified share of percentage of the market in which the business competes.b) Rise in the customer satisfaction.c) Rise in worker satisfaction.d) Enhancements in internal business processes.e) High standards of ethical behavior in the dealing of business.
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.
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
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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
Product: Any traceable, discrete, or measurable good or service given to a customer. Frequently goods are termed to as tangible products, and services are termed to as intangible products. A good or service is the product result of a procedure resulta
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
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
What are the key qualities or characteristics which accounting information should possess?
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:
What are the possible broad regions of decision making process where management accounting information is required?
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