Benefit of economic in accounting management information
Write down a short note on the benefit of economic in accounting management information?
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The economic advantages of having management accounting information are even harder to evaluate. This is possible to exert some science to the problem of weighing the costs and advantages; however a lot of subjective judgment is probable to be included. Whilst no one would fatally advocate that the typical business must generate no management accounting information, at similar time, no one would advocate that each and every item of information which could be seen as possessing one or more of the key features must be generated, irrespective of the cost of generating it.
Explain the term bank reconciliation statement?
Accounts used in governmental accounting to record the budget amounts but not the actual amount. For example, at the beginning of the accounting period, the planned amount of tax revenue, revenue from license, and inflows from fines would be recorded as one amount in
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
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
Write a short note on the main working areas of the Marketing department?
What are the key qualities or characteristics which accounting information should possess?
Operating Budgets: It is a financial document which aids a business in making significant decisions regarding its actions. An operating budget does not contain instant impact on the actual state of the business and exhibits only future projections. Bu
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
ACCOUNTING CONCEPTS: Presented below are basic accounting principles or concepts, with which hospital managers should be familiar and that they should understand i
What are the various features of the management accounting information system?
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