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explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
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Accounts used in governmental accounting to record the budget amounts but not the actual amount. For example, at the beginning of the accounting period, the planned amount of tax revenue, revenue from license, and inflows from fines would be recorded as one amount in
What do you mean by the term key performance indicators or KPI? Explain in brief?
What find out the size of this loss? The size of the deadweight loss is based on the elasticity of supply and demand. As the elasticity of demand increases and the elasticity of supply decreases, that means as sup
Estimated Cost: The procedure of projecting a future outcome in terms of cost, based on information accessible at the time. The estimated costs, instead of actual costs, are at times the basis for credits to work-in-process accounts a
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
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