Scope of Management accounting
Write down the scope of Management accounting?
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i) Financial Accounting
ii) Cost Accounting
iii) Revaluation accounting
iv) Control Accounting
v) Marginal Costing
vi) Budgetary Control
vii) Financial Planning and
viii) Break Even Analysis
ix) Decision accounting:
x) Reporting
xi) Taxation
xii) Audit
Describe briefly the term Adjustment entries?
Write down the purposes of making Cost Accounting?
Describe distinguish between the term Financial Accounting and Management Accounting?
Part A: What are some of the impediments to good decision making? Given the availability of copious information, why do good managers still make bad decision? (Schernerhorn et al., 2011, p.73). Explain referring to theory in your answer. (Approximately 1700 words). Part B: Critically reflect on your
Describe the calculation process of cost of idle time?
In managing the labor cost what role does time keeping department play?
On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250,000 Fixtures 150,000 Prepare the jour
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Briefly describe why professional accountancy bodies issue codes of the ethics for their members.
In what manner group incentive systems employed?
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