Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Decision Making
Some managers appear to have an intuitive sense of good decision making. The reality is that good decision making is hardly ever done by intuition. Consistently excellent decisions can only result from diligent accumulation and evaluation of the information. This is where managerial accounting comes in action
-- providing the information required to fuel the decision making process. Managerial decisions can be categorized according to the three interrelated business processes: planning, controlling directing are very important. Accurate execution of each of these activities culminates in the creation of business value. Conversely, failure to plan, control or direct is a roadmap to business failure.
The core theme to focus on is this:
(1) business value results from good management decisions, (2) decisions should occur across a spectrum of activities (planning, controlling and directing), and (3) quality decision making can only consistently happen by reliance on information. Thus, it implores you to see the relevance of the managerial accounting to your success as a business manager. Let's now take a nearer look at the components of planning, controlling and directing.
Assumptions for relevant costs The key assumptions made in relevant costing are: The cost behavior is recognized. The amount of fixed costs, unit variable costs, selli
You are required to provide a report of approx 500 words or less (excluding attachments and references), accompanied by relevant calculations, in MS Word, MS Excel and/or PDF forma
do you make assignments on Advance Accounting subjects
Analysis of Financial Ratios: Ratios are computed to find out the customer's liquidity position and capability to repay debts. The computed ratios must be compared along with the
Maximum change in marginal Profit or Cost Just as we did in studying the permissible ranges for changes in resources, we are also interested in studying the permissible ranges
Raner, Harris, & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. T
Explain the main purpose of cost centre The main purpose of cost centre is two fields. 1. Recovery of cost: costs are collected, classified into two field in respect of
Once the credit information is accumulated the subsequent step is to analyze the gathered information and isolate those matters that may need further investigation. The factors whi
Illustration: ABC analysis Combine items on the basis of their relative value to form three categories—A, B and C. The data in the table below illustrates the ABC analysis.
CONSULTING PROJECT Pricing and Production Decisions at PoolOut Ltd PoolOut Ltd manufactures and sells a single product called the "RainIn", which is a patent-protected au
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd