Write a short note on Not-for-profit organizations
Write a short note on Not-for-profit organizations?
Expert
There are many organizations which do not exist mostly for the pursuit of gain yet generate management accounting information for the decision-making purposes. Illustrations of such organizations comprise charities, clubs & associations, universities, national and local govt authorities, churches & trades unions. Managers require accounting information regarding such types of organization to assist them to make decisions. The main objectives of not-for-profit organizations will not be concerned with the making of wealth for shareholders, however with making wealth for the organizations and efficiently applying that wealth in the direction of accomplishment of their mission.
Write a short note on the main working areas of the Finance department?
Normal 0
What do you mean by the term key performance indicators or KPI? Explain in brief?
What do you mean by the term relevance which is accounting information?
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.
What are the key qualities or characteristics which accounting information should possess?
What do you mean by the term Reliability which is accounting information?
What find out the size of this loss? The size of the deadweight loss is based on the elasticity of supply and demand. As the elasticity of demand increases and the elasticity of supply decreases, that means as sup
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
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
18,76,764
1959507 Asked
3,689
Active Tutors
1452885
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!