Relevance-accounting information
What do you mean by the term relevance which is accounting information?
Expert
Relevance: Management accounting information should have the capability to affect decisions. Unless this feature is present, there is really no point in generating the information. This signifies that the information must be targeted at the needs of the individual manager for whom it is being offered.
What do you mean by the term Reliability which is accounting information?
Write down a brief note on the illustrations of unethical and unacceptable actions?
Incremental Cost: The raise or reduction in total costs which would result from a decision to raise or reduce output level, to add a service or task, or to modify any part of operations. This information aids in making decisions such
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
What are Aging of Accounts? Briefly illustrate it.
How have you observed the regulations which affect both your industry and your accounting place?
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
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.
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
18,76,764
1930483 Asked
3,689
Active Tutors
1429076
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!