Position analysis in a business
What do you mean by the term position analysis in a business? Briefly illustrate it.
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With position analysis, the business is looking for to establish how it is positioned relative to its atmosphere (that is, customers, suppliers, position analysis, technology, the economy, political atmosphere and so forth) given the business’s objectives and mission. This is frequently approached in the framework of an analysis of the business’s weaknesses, strengths, opportunities and threats.
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
Describe Provisional Entries?
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
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What does the difference between management accounting and financial accounting suggest?
Explain the term bank reconciliation statement?
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