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Management Accounting
1) Which is concerned with provision of information to people within the organization to help them make better decisions? Management accounting is concerned with the provision and interpretation of the information required by management at all levels for the following purposes:2) Formulating the policies of the organization3) Planning the activities of the organization in the long-term, medium-term and short-term (Strategic to operational planning)4) Controlling the activities of the organization.5) Decision-making6) Performance appraisal7) Management accounting can also be said to be concerned with data gathering (both from internal and external sources), analyzing, processing, interpreting and communicating the resulting information for use within the organization, so that management can more effectively plan, make decisions and control operations.
what is Computerized Processing Systems
FLEXIBLE BUDGETING Flexible budget may be used in one of two ways: Planning and Control. At the planning stage when budgets are set, to reduce the effect of uncertainty. For ex
BUDGET PROBLEM The Budget Director of Dave, Inc. with the assistance of the Controller, Production Manager and the Sales Manager has gathered the following data for use in develop
Decision Making Process Decision making is the process of choosing among alternatives. There are 7 steps that should be followed as shown in figure below: Figure:
CONTINUOUS PROBABILITY DISTRIBUTION (USE OF NORMAL DISTRIBUTION) In reality the C-V-P variables might take any values in a continuous range. It could therefore be more appropriat
What are the Advantages of budgetary control This budgetary control system helps in fixing the goals for the organization as a whole and concerts efforts are made for its achie
The firm's require holding cash may be attributed to the three motives specified below: The transaction motive The precautionary motive The speculative motive.
Engineering method These methods are based on the use of engineering analysis of technological relationship between inputs and outputs e.g. method studies and time and motion s
opening stock unit were 8500 and closing stock units were 6750.frofit of 61200 using managerial costing.fixed overhead absorbed rate was 3 pr unit.what is the profit using absorpti
Question: A friend of yours is revising for his examination in management accounting and needs some help from you. He asks you the following questions. Write brief notes on eac
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