Define the term Strategic management
Briefly define the term Strategic management and also state the reason why it is designed?
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The Strategic management is mainly designed to give a business with an apparent sense of reason and to make sure that suitable action is taken to accomplish that aim. The action taken must link the internal resources of the business to the exterior atmosphere of competitors, suppliers, customers and so forth. This must be completed in such a way that any business strengths, like having an expert workforce, are exploited and any weaknesses, like being short of investment finance are not exposed.
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
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What are the possible broad regions of decision making process where management accounting information is required?
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.
Give reasons in favor of having a partnership deed. Answer: A) In situation of any dispute or doubt, Partnership deed is the gui
What are various methods to assign support cost?
Trust Accounting: It is the "accounting of each and every item of income and expenditures which are employed to find out the amount that certain beneficiaries will obtain from the trust each year." Actually, it is equivalent to all the revenues receiv
What do you mean by the term Comparability which is accounting information?
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
Responsibility Segment: A noteworthy organizational, functional, operational, or process component that has the characteristics as: (i) Its manager reports to the entity's top management;
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