Drawbacks of Management Accounting
Write down the drawbacks of Management Accounting?
Expert
1) Management Accounting is depends on cost and financial accounting, in which past data is employed to make prospect decisions. Therefore, weakness and strength of the managerial decisions are depends on the strength and weakness of the accounting records. 2) Management Accounting is helpful merely to those people who are in the decision making procedure. 3) Tools and methods employed in management accounting only offer information and not ready made decision. Therefore, it is only a supplementary service. 4) In Management Accounting, decision is depends on the manager’s institution as management aspire to avoid lengthy courses of technical decision making. 5) Personal prejudices affect the decisions as the explanation of financial information is based on personal decision of the interpreter.
Write down the demerits of IFRSs.
Describe distinguish between the term Cost Accounting and Management Accounting?
Give a brief introduction of the term ‘accounting concepts’?
Define the term reconciliation statement and investment banking?
Give a brief introduction of the term Convention of Materiality?
Write down the main Current Assets?
Mention out various methods for calculating depreciation?
Give brief introduction of Barth Payment System of premium payment?
Give a brief introduction of the term ‘ABC Analysis’ and also write down is merits?
Explain the process of validations in the e-scripts and in the configuration?
18,76,764
1925751 Asked
3,689
Active Tutors
1414463
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!