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Management Accounting
It is the part of accounting such provides special-reason statements and reports to other persons and management inside the organization. The information generated via management accounting is hence for internal uses and is not guided via any type of standards or else legal requirements. Management Accounting, not like financial accounting, is proactive that is like future-oriented. It is required in creation decisions such affect the organization.
During a nutshell, cost accounting enables a business to not only determine what various processes or jobs have cost, and also for what they must have cost. It signifies where losses are happening before the work is finished and thus corrective action can be undertaken. From the previous discussion, it is then specified that cost accounting is extremely closely related to another accounting subjects especially management accounting. Actually, most people compose no distinction between cost accounting and management accounting, like the dividing line among the two is slimmer than thin.
Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 7% (annual coupon payments) and a face value of $1000. Andrew believes it can get a rating of A from
material ledger card.following transactions affecting material No115-8 occurred during march 1992. march 1 balanced on hand 500 [email protected] per gallon maech 2 received 1200 gall
sales to profit volume ratio for three year
Variable costs are the cost that are directly proportionate with the quantity of manufacture and or directly associated with the service.
This can be explained as the process of accumulating, calculating, analyzing, interpreting and reporting cost information that is both helpful and relevant to the internal and exte
Shrinkage - Production Process This refers to a disappearance or loss of material inputs utilized throughout the production process. It happens mainly via the evaporation. Thi
By the discussions we had previous, it is not tough to come to the conclusion that numerous factors influence the fund or net working capital needs. Fund needs vary along with t
are eploration costs of a mining industry regarded as an asset or expense or both?
Horton Co. was organized on January 2, 2010, with 500,000 authorized shares of $10 par value common stock. During 2010, Horton had the following capital transactions: January 5-iss
What are the major arguments for absorption costing?
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