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.
Write down a short note on the Performance evaluation and control in decision making process?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Define Process and Process Costing: Process: The organized process of transforming inputs (that is, people, equipment, techniques, materials, and atmosphere), to outputs (that is, products or servi
Profit or Loss (P&L) Analysis: A financial statement which summarizes the revenues, costs and expenses acquired during a particular period of time - in general a fiscal quarter or year. Such records give information which exhibits the capability o
What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P
Q : Define Responsibility Center Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
What do you mean by the term Reliability which is accounting information?
Why most of the larger businesses are not managed as the single unit through one manager?
Describe a join between tables?
18,76,764
1943660 Asked
3,689
Active Tutors
1437411
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!