Information that a manager need to make a decision
What is the various information that a manager need to make a decision?
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The managers might require information to help them decide whether to:
a) Develop new products or services (as with the computer manufacturer developing a latest range of computers).
b) Raise or reduce the price or quantity of existing services or products.
c) Borrow money to help the financial condition of the business.
d) Raise or reduce the operating capacity of the business.
What do you mean by the term provision of management accounting information?
Write down the scope of Management accounting?
Job Costing: It is an order-specific costing method, utilized in situations where each job is distinct and is executed to the customer's specifications. Job costing includes keeping an account of direct and in-direct costs. Q : VAT entry How to make a VAT entry in How to make a VAT entry in books including set off?
How to make a VAT entry in books including set off?
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Write down a brief note on the illustrations of unethical and unacceptable actions?
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
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