Benefit of economic in accounting management information
Write down a short note on the benefit of economic in accounting management information?
Expert
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.
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
Write down a short note on determining costs and benefits in decision making process?
Normal 0 false false
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
A defined time period in accounting for stock options. In the mean while the blackout period person granted the option is not allowed to exercise it. This usually occurs after the granting of the stock options and allows the price of the stock to increase above the exercise price. <
What do you mean by the term key performance indicators or KPI? Explain in brief?
Why is it significant to encompass a partnership deed in writing? Answer: Partnership deed is significant as it is a document stating relationship of each and every
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,
The process of testing a new software program using actual data and comparing the results to the alternative soft wares. The alternative can be new software or the organization's existing system. The test should be examined the software's accuracy and efficiency.
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
18,76,764
1955589 Asked
3,689
Active Tutors
1454896
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!