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 do you mean by the term Understandability which is accounting information?
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
Write a brief note on the things which Weaknesses comprises?
Capital Budgets: The procedure of finding out which potential long-term projects are value undertaking, by comparing their estimated discounted cash flows with their internal rates of return. Capital Budget is the
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
What do you mean by the term Comparability which is accounting information?
What are the key qualities or characteristics which accounting information should possess?
What are the various features of the management accounting information system?
Write down a short note on determining costs and benefits in decision making process?
What do you mean by the term position analysis in a business? Briefly illustrate it.
18,76,764
1960203 Asked
3,689
Active Tutors
1456395
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!