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
Incremental Cost: The raise or reduction in total costs which would result from a decision to raise or reduce output level, to add a service or task, or to modify any part of operations. This information aids in making decisions such
Write a short note on the main working areas of the coach maintenance department?
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ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : What is Uncontrollable Cost What is What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
What do you mean by the term relevance which is accounting information?
Process Value Analysis: Tools and methods for studying processes via customer value analysis. Its objective is to recognize opportunities for lasting enhancement in the performance of an association. It offers an in-depth review of wo
Investor Relations: A department, exist in most medium to big public companies, which gives investors with a precise account of the company's affairs. This aids investors to make informed sell or buy decisions. Inv
Explain the term bank reconciliation statement?
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
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