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.
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
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Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Cost: The monetary value of resources employed or liabilities or sacrificed incurred to attain an objective, such as to obtain or make a good or to execute an activity or service.
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Define Full Cost Full Cost : The sum of Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
Cost Finding: Cost finding methods generate cost data by analytical or sampling techniques. Cost finding methods are suitable for certain type of costs, like indirect costs, items with costs underneath set thresholds in the programs,
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Briefly define the term Strategic management and also state the reason why it is designed?
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