Relevance-accounting information
What do you mean by the term relevance which is accounting information?
Expert
Relevance: Management accounting information should have the capability to affect decisions. Unless this feature is present, there is really no point in generating the information. This signifies that the information must be targeted at the needs of the individual manager for whom it is being offered.
What are the key elements of the Shell’s ethical code? Describe in brief?
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
Write down a brief note on the illustrations of unethical and unacceptable actions?
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
What is the various information that a manager need to make a decision?
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
Write a short note on the main working areas of the Routing and personnel department?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Direct Cost: The cost of resources directly used by an activity. The direct costs are assigned to actions by direct drawing of units of resources used by individual actions. A cost which is particularly recognized with a single cost o
Why most of the larger businesses are not managed as the single unit through one manager?
18,76,764
1924711 Asked
3,689
Active Tutors
1440706
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!