Main users of the accounting information
Briefly list out the main users of the accounting information which are related to the business?
Expert
There are many group of user with an interest in the accounting information associating to a business. The majority of such are outside the business however; nonetheless, they have a stake in the business. Most probably, the cost of generating this information is justified on the grounds which managers believe it to be helpful to them. These arguments and evidence, though, leave unanswered the question as to whether the information generated really is being employed for decision-making purposes.
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
The rights of each partner: Under the Partnership Act, partners have the right to: Share equally in profits and losses; Indemnity; Interest on advances; Interest on capital; Share in management of
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Write down the scope of Management accounting?
Cost Finding: Cost finding methods generate cost data by analytical or sampling techniques. Cost finding methods are suitable for certain type of costs, like indirect costs, items with costs underneath set thresholds in the programs,
Explain the term bank reconciliation statement?
What are the various features of the management accounting information system?
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
Outputs: Any product or service formed from the consumption of resources. This can comprise information or paper work produced by the completion of the tasks of an activity.
18,76,764
1924270 Asked
3,689
Active Tutors
1424632
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!