Techniques to liberate the function of management accounting
Write down the different techniques employed to liberate the function of management accounting?
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The technique employed to liberate the function of management accounting:
i) Marginal Costing ii) Budgetary Control iii) Standard Costing iv) Uniform Costing
What do you mean by the term key performance indicators or KPI? Explain in brief?
Write down a short note on the influence of manager’s behavior in management accounting information?
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Common Data Source: All of the programmatic and financial information available for the cost, budgetary, and financial accounting processes. This comprises all financial and much non-financial data, like environmental data, which are
What are Aging of Accounts? Briefly illustrate it.
What are the various Calls in Arrears? Describe it.
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
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.
Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
An account used in a partnership to record an individual partner's investment in the partnership plus the indi- vidual's share of any undistributed partnership income. In a corpo- ration, the equity sections have two parts: the contributed capital and retained earning
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