Regions of decision making process
What are the possible broad regions of decision making process where management accounting information is required?
Expert
The possible broad regions of decision making process where management accounting information is required are as follows:
a) Developing objectives and plans.b) Performance evaluation and control.c) Allocating resources.d) Determining costs and gains.
Inter-Entity: A term meaning between or among distinct federal reporting entities. It generally refers to the activities or costs among two or more agencies, bureaus or departments.
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
What do you mean by the term provision of management accounting information?
Describe fluctuating capital of partners? Answer: Partner‘s capital is stated to be fluctuating if capital modifies with every transaction in the capital accou
Corporate Tax: It is a levy placed on the gain of a firm, with different rates employed for various levels of gains. Corporate taxes are the taxes against profits earned by businesses throughout a given taxable period; they are usually applied to comp
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
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