Illustrate the general role of accounting
Briefly illustrate the general role of accounting?
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The general role of accounting that is to assist people in making informed business decisions. All forms of accounting, comprising management accounting, are mainly concerned with collecting and analyzing financial information and then communicating this information to such making decisions.
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Cash Management: Cash Management is the management of cash balances of a concern in such a way as to maximize the accessibility of cash not invested in inventories or fixed assets and to ignore the risk of insolvency. According to Keynes there are thr
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Write down the scope of Management accounting?
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Write a short note on Not-for-profit organizations?
Explain the term bank reconciliation statement?
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