Reaping the benefits of IT
What do you mean by the term reaping the benefits of IT? Explain n brief?
Expert
The impact of information technology or IT on the development of management accounting is difficult to overstate. The capability of computers to process big amounts of information signifies that routine reports can be generated rapidly and accurately.
In reality, certain reports might be generated on a daily or even real-time basis. This can be imperative to businesses operating in a highly competitive atmosphere that risk the loss of competitive benefit from making decisions mainly based on imprecise or out-of-date reports. IT has as well enabled information to be more broadly spread all through the business. Rousingly, via their personal computers, staff at all levels is capable to gain access to relevant reports and information to guide their actions and decisions.
What are the possible broad regions of decision making process where management accounting information is required?
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
Write a short note on the main working areas of the Routing and personnel department?
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
What are various methods to assign support cost?
What are Aging of Accounts? Briefly illustrate it.
Unfocused Books is a discount retail bookshop that has three departments: fiction, non-fiction and children’s books. Sales and cost of sales for each department are shown below. In addition, each department has its own fixed costs for staffing and takes a one-third share of rental and management cos
What is the various information that a manager need to make a decision?
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
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