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Financial Accounting
Which is concerned with the provision of information to external parties outside the organization? It is the procedure of measuring, classifying, summarizing and reporting financial information used in making economic decisions. It’s concerned with the preparation of financial statements to be used by the firm’s external stakeholders.
The key differences among Management Accounting (MA) and Financial Accounting (FA) can be summarized as follows:
It is significant to define cost accounting at this point.
Illustrate the concept of Cost The term cost indicates the amount of expenditure (actual or national) incurred on, or attributable to, a specified thing or thing or cost unit.
Sales of Cool-Man air conditioners have increase steadily during the past five years: Year Sales 1 450 2 495 3 518 4 563 5 584 6 ?
how to prepare master budget
Identification of decision packages - Zero base budgeting Each manager should break down his decision unit into smaller decision packages. Top manager may lay down the minimum
Is there a theory for financial ratios
Significance of performance budgeting Performance budgeting will help the management of companies by introduction of management objective to improve performance. Further it wi
Question: (a) The demand for the output of a certain company is very elastic and modern plant recently installed is capable of greatly increased production. Output at present
Q. Pricing over the life cycle of a product? The cycle begins with the invention of the new product. The innovation of a new product and its degeneration to a common product is
Explain TWO limitations of using accounting ratios to assess the performance of a firm and suggest how each limitation may be improved
Selective Inventory Management The inventory of an industrial firm generally comprises thousands of items with diverse prices, usage and lead time, as well as procurement and/o
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