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.
Why you want to be an accountant? Normal 0 false
Briefly list out the main users of the accounting information which are related to the business?
Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.
Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
What are the key qualities or characteristics which accounting information should possess?
Write down a short note on the benefit of economic in accounting management information?
From the books of Aggarwal Bors, the following information have been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed
Q : Reliability-Accounting information What What do you mean by the term Reliability which is accounting information?
What do you mean by the term Reliability which is accounting information?
18,76,764
1923335 Asked
3,689
Active Tutors
1453653
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!