Write a short note on Not-for-profit organizations
Write a short note on Not-for-profit organizations?
Expert
There are many organizations which do not exist mostly for the pursuit of gain yet generate management accounting information for the decision-making purposes. Illustrations of such organizations comprise charities, clubs & associations, universities, national and local govt authorities, churches & trades unions. Managers require accounting information regarding such types of organization to assist them to make decisions. The main objectives of not-for-profit organizations will not be concerned with the making of wealth for shareholders, however with making wealth for the organizations and efficiently applying that wealth in the direction of accomplishment of their mission.
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Accumulated adjustments account Normal Normal 0
Normal 0
Write down a short note on the influence of manager’s behavior in management accounting information?
An account used in a partnership to record an individual partner's investment in the partnership plus the indi- vidual's share of any undistributed partnership income. In a corpo- ration, the equity sections have two parts: the contributed capital and retained earning
Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
Write a short note on why wealth creation is a longer-term concept?
Write a short note on the main working areas of the coach maintenance department?
What do you mean by the term reaping the benefits of IT? Explain n brief?
18,76,764
1961138 Asked
3,689
Active Tutors
1449388
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!