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 Mission statements? Briefly describe it.
Business combination in which the acquiring corporation buys all the assets of the target, recording them at fair market values. The target is absorbed into the acquiring corpora- tion, and has gains on the sales of the assets that appear on its last tax return. In ad
Briefly list out the main users of the accounting information which are related to the business?
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
What are the various features of the management accounting information system?
Write down a short note on the benefit of economic in accounting management information?
What do you mean by the term key performance indicators or KPI? Explain in brief?
What are the key elements of the Shell’s ethical code? Describe in brief?
Write a short note on the changing responsibilities of the management accountant?
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
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