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.
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What do you mean by the term Understandability which is accounting information?
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