Management accounting-scope
Write down the scope of Management accounting?
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The scope of Management Accounting is illustrated below: i) Revaluation accounting ii) Financial Accounting iii) Cost Accounting iv) Control Accounting v) Marginal Costing vi) Budgetary Control vii) Financial Planning and viii) Decision accounting ix) Break Even Analysis x) Taxation xi) Reporting xii) Audit
Briefly describe the main purpose of the business?
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
The operating level at which the total sales revenue equals the total cost. Total sale revenue is equal to the price per unit times the number of units sold. Total cost equals total variable cost, the number of units sold in time the variable cost per unit and the tot
Write a brief note on the things which Threats to business comprises?
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What do you mean by the term Comparability which is accounting information?
How have you observed the regulations which affect both your industry and your accounting place?
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Select the right answer of the question. If the economy has a standardized budget surplus, it means that: A) the public sector is exerting an expansionary impact on the economy. B) tax revenues would exceed government expenditures if full employment were achieved. C)
Write down a short note on the Allocating resources in decision making process?
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