Relevance-accounting information
What do you mean by the term relevance which is accounting information?
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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.
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Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Assignment 1: A adjusted Trial balance table given below: Southwest Business School Q : Reliability-Accounting information What What do you mean by the term Reliability which is accounting information?
What do you mean by the term Reliability which is accounting information?
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