Factors due to changing business landscape
What are the various factors which occurred due to the changing business landscape?
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The various factors which occurred due to the changing business landscape are as follows:
a) Growth of the service sector.
b) Emergence of new industries.
c) Growth of e-commerce.
d) Automated manufacturing.
e) Lean manufacturing.
f) Bigger product innovation.
g) Quick response times.
How have you observed the regulations which affect both your industry and your accounting place?
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.
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A function of measuring and assigning production costs to determine the unit cost. Actual revenue assigns the real cost of materials, labor, and overhead to ma
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.
What do you mean by the term key performance indicators or KPI? Explain in brief?
What does the difference between management accounting and financial accounting suggest?
Significant costs associated with the disposal of asset. Accounting for asset retirement obligations requires estimating the cost and discounting estimate. The present value added to the asset's depreciable base and a liability is recorded for the obligation. Every year, interest expense is added
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
Full-Absorption Costing: It is a technique of costing that assigns (or absorbs) all labor, material, and service or manufacturing facilities and support costs to products or another cost objects. The costs assigned comprise those which do and do not d
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