Techniques to liberate the function of management accounting
Write down the different techniques employed to liberate the function of management accounting?
Expert
The technique employed to liberate the function of management accounting:
i) Marginal Costing ii) Budgetary Control iii) Standard Costing iv) Uniform Costing
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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.
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Managerial Cost Accounting System: The organization and processes, whether automated or not, and whether portion of the general ledger or stand-alone, which accumulates and reports constant and trustworthy cost information and perform
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