Financial accounting is non-dynamic-backward looking

Assignment Help Business Management
Reference no: EM133340284

Question

'Financial accounting is non-dynamic, backward looking, conservative, as objective as possible, and subject to statutory and other regulation. Management accounting is future oriented, is dynamic, produces forward looking figures and is meant to be decision and control relevant, should not be too concerned with objectivity, and is not generally subject to external regulation.' Justify this statement, giving examples to illustrate your answer.

Reference no: EM133340284

Questions Cloud

Organizations should follow to plan and develop budgets : Discuss the pros and cons of the two basic philosophies that organizations should follow to plan and develop their budgets.
What are the opportunities and risks there : Please add a list of evaluative criteria you select to evaluate Thailand for its market potential. What are the opportunities and risks there?
Curriculum or a module and explain the underlying learning : Curriculum or a module and explain the underlying learning - Evaluate the unit of curriculum based on the categories in the checklist
Knowledge about blockchain technologies : Given what you have knowledge about blockchain technologies, how could you apply it to your business or future career?
Financial accounting is non-dynamic-backward looking : Financial accounting is non-dynamic, backward looking, conservative, as objective as possible, and subject to statutory and other regulation.
What is a global manager : Drawing from the article "What is a Global Manager?", tell me what type of manager you believe you are/would be and why. Choose from Business Manager, Country
What is the maximum compensation dryclean : Using this information, should DryClean express offer the $300 cash compensation? What is your advice? What is the maximum compensation DryClean
Dual ownership problem embedded in mailo tenure system : Dual ownership problem embedded in mailo tenure system, poor real estate acquisition financing models,
Determine the strategy or tactic : You are to use the same corporation you selected for the Week 1 assignment and examine the industry in which the entity operates

Reviews

Write a Review

Business Management Questions & Answers

  What are the best practices recommended

What are the best practices recommended by the most known risk management standards, to assess risk

  Receive a payment every three months

Rochelle wants to buy a bond, but she wants to avoid interest rate risk. She also prefers to receive a payment every three months instead of the traditional six

  How visually appealing and organized is the site

Describe the contact information and various communication methods that are available to a customer who needs to contact a representative, inquire about a product, or make a purchase.

  What is the hazard communication standard

1. What is the hazard communication standard? Explain how this standard applies to the workplace. What should employers do in order to be compliant with this standard? What are the possible implications to an employer for failure to adhere to this..

  What works and does not work based on your learning

The goal is to generate a list of what works and doesn't work based on your learning therefore review the posts on the forum before you get started because the topic you list must be unique and not already listed in the classroom discussion.

  Explain the origin of crisis

1. Explain the origin of this crisis. Give me a summary of this crisis consisting of the reasons of this crisis and the breadth and extent of the crisis. Identi

  Employee and labor relations negotiations

Employee and labor Relations Negotiations. Each questions answer should be 1 page. Management Ground Rule is Each party.

  Explain the modus operandi of espionage

Evaluate and analyze a case of business espionage. Explain the Modus Operandi of espionage and describe what creates a successful espionage effort.

  Explore protection structure for major jordanian industries

Use the most recent Jordanian tariff profile to explore protection structure for major Jordanian industries. In light of the recently applied tariffs, suggest an appropriate trade policy recommendation in each main industry

  Foundations of global business

Identify your company and the reasons why you selected it for this project. Foundations of Global Business

  Collaborative leadership

Rreview of current concepts and theories of Leadership - Discussion on leadership types and styles and Collaborative Leadership

  What is the cash flow recovery

A new 5-year project will require $232,000 for fixed assets, $74,000 for inventory, and $37,000 for accounts receivable. Short-term debt is expected to increase

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd