Performance evaluation and control-decision making process
Write down a short note on the Performance evaluation and control in decision making process?
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Performance evaluation and control: Management accounting information can assist in reviewing the performance of the business adjacent to agreed criteria. The non-financial indicators are rousingly employed to compute performance, all along with financial indicators. The controls require being in place to make sure that actual performance verifies to plan performance. The actual outcomes will, thus, be compared with plans to see whether the performance is better or inferior than predicted.
Briefly illustrate the general role of accounting?
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
Write down a short note on the major tasks of board that runs the organization?
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
Expense: The Outflow or other using up of resources or acquiring liabilities (or a combination of both), the advantages from which exert to an entity's operations for the present accounting period, however they do not expand to future
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
What are the various factors which occurred due to the changing business landscape?
Briefly define the term Strategic management and also state the reason why it is designed?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Write a brief note on the things which Threats to business comprises?
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