Define Cost Accounting Practice
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
Write down the scope of Management accounting?
Explain Management accounting as an information system in brief?
Write down a short note on the Allocating resources in decision making process?
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
Briefly describe the main purpose of the business?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
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
Assignment 1: A adjusted Trial balance table given below: Southwest Business School Q : What is Uncontrollable Cost What is What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
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