Provision of management accounting information
What do you mean by the term provision of management accounting information?
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Provision of management accounting information can be much costly; though, the costs are frequently difficult to quantify. Direct, out-of-pocket costs like salaries of accounting staff are not really a dilemma to put a price on; however such are just part of the total costs included. There are as well less direct costs like the costs of the manager’s time spent on analyzing and interpreting the information in reports.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
Activity Analysis: The identification and explanation of activities in an association. The activity analysis comprises determining what activities are completed within a department and how many people execute the activities, how much
Briefly describe the main purpose of the business?
Cost Accounting: The Cost accounting is an approach to evaluate the overall costs which are related with conducting business. It is generally based on standard accounting practices, cost accounting is one of the tools which managers u
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
A) A partnership may be formed either expressly or impliedly, and in each case all the circumstances should be examined in order to ascertain: The intention of the parties; Whether there has been a
What are the key elements of the Shell’s ethical code? Describe in brief?
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.
The increase in value that the owner of a capital asset receives when the asset is sold. The owner pays tax on that gain or increases, at a lower rate if the assets that are sold are capital asset, such as factory buildings, rather than assets that are sold in the nor
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