Main objectives of Management Accounting
Write down the main objectives of Management Accounting?
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1) Evaluating performance: Management accounting evaluates two kinds of performance. First is employee presentation and the second is effectiveness measurement. The real performance is evaluated with the standardized performance and a report of divergence from the standard performance is reported to the management for the effectual decision making and as well to indicate the efficacy of the methods in employ. Both types of performance management are employed to make curative actions in order to develop performance. 2) Assess Risk: Aspire of management accounting is to assess risk in order to exploit risk. 3) Allocation of Resources: is a significant purpose of Management Accounting. 4) Arrangement of different financial statements to the Management.
Write down the condition from which securities must be selected?
Write down the drawbacks of Management Accounting?
The concept of marginal costing practically applied?
Briefly describe the type of items that appear under the liability side of a balance sheet?
Write down the effects of ‘under stocking’?
Give a short introduction of the term “Marginal Costing”? And also write down its attributes and the basic suppositions made by Marginal Costing?
Briefly explain the ethical decision you had to make?
Briefly describe Written down Value (or Reducing Balance) method to compute depreciation?
Describe the Pre defined Queries? Briefly state the definition.
Briefly explain the purpose of cost accounting.
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