Comparability-Accounting information
What do you mean by the term Comparability which is accounting information?
Expert
Comparability: This quality will allow managers to recognize changes in the business over time. This will as well help them to compute the performance of the business in relation to other identical businesses. Comparability is accomplished by treating items which are fundamentally the same in similar way for management accounting aims. Comparability tends as well to be improved by making clear the policies which have been adopted in measuring and representing the information.
Identify and evaluate the strategic options in brief?
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.
Explain the term bank reconciliation statement?
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
According to Martin and Steele (2010, p.13), “The two principal professional associations in Australia – CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and develo
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Meaning of Reconstitution: Any alter in agreement of partnership is termed as reconstitution of partnership firm. In following circumstances a partnership firm might be reconstituted: A) Alter in Profit Sharing Rat
What does the difference between management accounting and financial accounting suggest?
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
18,76,764
1935668 Asked
3,689
Active Tutors
1421622
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!