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
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
Why does a tax form a deadweight loss? A tax forms deadweight loss by artificially increasing price above the free market level, therefore reducing the equilibrium quantity. This reduction in demand decreases consumer as well as producer surplu
Explain the term fixed capital of partners? Answer: Partners' capital is state to be fixed if the capital of Partners remains unchanged except in the situation where
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
An account used in a partnership to record an individual partner's investment in the partnership plus the indi- vidual's share of any undistributed partnership income. In a corpo- ration, the equity sections have two parts: the contributed capital and retained earning
Write down the different techniques employed to liberate the function of management accounting?
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Management accounting as an information Explain Management accounting as an information system in brief?
Explain Management accounting as an information system in brief?
Briefly define the term Strategic management and also state the reason why it is designed?
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