Performance evaluation and control-decision making process
Write down a short note on the Performance evaluation and control in decision making process?
Expert
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.
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
How have you observed the regulations which affect both your industry and your accounting place?
What is the various information that a manager need to make a decision?
What are the key elements of the Shell’s ethical code? Describe in brief?
Incremental Cost: The raise or reduction in total costs which would result from a decision to raise or reduce output level, to add a service or task, or to modify any part of operations. This information aids in making decisions such
Normal 0 false false
The rights of each partner: Under the Partnership Act, partners have the right to: Share equally in profits and losses; Indemnity; Interest on advances; Interest on capital; Share in management of
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
18,76,764
1937669 Asked
3,689
Active Tutors
1460475
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!