Key performance indicators or KPI
What do you mean by the term key performance indicators or KPI? Explain in brief?
Expert
Key performance indicators or KPIs: These comprise the traditional financial measures like return on capital used. KPIs now, though, usually comprise a significant proportion of non-financial indicators to aid assess the prospects of long-term success. To assist decision making, the management accountant has rousingly shouldered responsibility for reporting the non-financial measures concerning quality, product innovation, product cycle times, delivery times and so forth.
Meaning of Reconstitution: Any alter in agreement of partnership is termed as reconstitution of partnership firm. In following circumstances a partnership firm might be reconstituted: A) Alter in Profit Sharing Rat
A security that starts as an instrument similar to as check, in which a customer asks the bank to pay the designated amount to a payee in the future. The bank accepts the order, becoming responsible for payment, because the customer has the money to back the check, an
Write a short note on the main working areas of the Marketing department?
Write a short note on the key areas which business objectives want to achieve?
What are the possible broad regions of decision making process where management accounting information is required?
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
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
Briefly define how useful is the management accounting information is?
What are the key qualities or characteristics which accounting information should possess?
Define Process and Process Costing: Process: The organized process of transforming inputs (that is, people, equipment, techniques, materials, and atmosphere), to outputs (that is, products or servi
18,76,764
1959748 Asked
3,689
Active Tutors
1412627
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!