Things which Strengths comprises
Write a brief note on the things which Strengths comprises?
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The Strengths could comprise such things like:
a) Strong, well-recognized brand name.b) Modern fleet of aircraft needing less maintenance.c) Reliable customer service regarding punctuality and loss of baggage.d) Internet booking facility employed by virtually all passengers that decreases the costs of administration.
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
What do you mean by the term key performance indicators or KPI? Explain in brief?
What do you mean by the term changing business landscape?
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
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.
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
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
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
What are the key qualities or characteristics which accounting information should possess?
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