Key performance indicators or KPI
What do you mean by the term key performance indicators or KPI? Explain in brief?
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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.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Responsibility Segment: A noteworthy organizational, functional, operational, or process component that has the characteristics as: (i) Its manager reports to the entity's top management;
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
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 : Main purpose of the business Briefly Briefly describe the main purpose of the business?
Briefly describe the main purpose of the business?
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Managerial Cost Accounting System: The organization and processes, whether automated or not, and whether portion of the general ledger or stand-alone, which accumulates and reports constant and trustworthy cost information and perform
What do you mean by the term Understandability which is accounting information?
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Information that a manager need to make What is the various information that a manager need to make a decision?
What is the various information that a manager need to make a decision?
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