Illustrations of unethical and unacceptable actions
Write down a brief note on the illustrations of unethical and unacceptable actions?
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The illustrations of unethical and unacceptable actions comprise:
a) Paying bribe to persuade staff of other businesses to reveal the information regarding the employee’s business which could be helpful.
b) Oppressive treatment of suppliers, for illustration, making suppliers waits excessive periods prior to payment.
c) Manipulating the financial statements to misinform users of them, for illustration, to overstate gain so that senior managers become entitled for performance bonuses.
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
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
Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the
Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing
Activity: The real work task or step executed in generating and delivering products and services. The aggregation of actions executed within an organization which is helpful for the purpose of activity-based costing.
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
Write a short note on the main working areas of the Routing and personnel department?
Write down the different techniques employed to liberate the function of management accounting?
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Activity-based costing Normal 0 false Normal 0
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