Management accounting and financial accounting
What does the difference between management accounting and financial accounting suggest?
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Distinction between the management accounting and financial accounting advises that there are differences among the information requirements of managers and such of other users. Whilst differences unquestionably exist, there is as well a good deal of overlap between such requirements. For illustration, managers will, at times, be fascinated in receiving a chronological overview of business operations of the sort given to other users. Uniformly, the other users would be fascinated in receiving information associating to the future, like the planned level of gains and non-financial information.
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
An account used in a partnership to record an individual partner's investment in the partnership plus the indi- vidual's share of any undistributed partnership income. In a corpo- ration, the equity sections have two parts: the contributed capital and retained earning
Write down a short note on the influence of manager’s behavior in management accounting information?
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
Why most of the larger businesses are not managed as the single unit through one manager?
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Write down a short note on the benefit of economic in accounting management information?
What do you mean by the term balancing risk and return? Explain in brief?
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