Define Cost Driver
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
Write down a short note on the benefit of economic in accounting management information?
What do you mean by the term Mission statements? Briefly describe it.
Write a short note on the main working areas of the Finance department?
Q : What is Service What do you mean by What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
What do you mean by the term Understandability which is accounting information?
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
Briefly illustrate the general role of accounting?
Process Value Analysis: Tools and methods for studying processes via customer value analysis. Its objective is to recognize opportunities for lasting enhancement in the performance of an association. It offers an in-depth review of wo
Describe the status of partnership from an accounting point of view? Answer: From an accounting point of view, partnership is a separate business entity. From legal
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