Define Traceability
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Cost Reduction: The procedure of looking for, finding and eliminating unwarranted expenses from the business to raise gains without containing a negative impact on the product quality. Most of the business managers will engage in periodic cost reducti
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
What does the difference between management accounting and financial accounting suggest?
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What are the various factors which occurred due to the changing business landscape?
What do you mean by the term Mission statements? Briefly describe it.
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