A distinguishing feature of managerial accounting is

Q: Which approach to understanding business processes is conducted from a broad organizational…

A: Method of understanding business means how to get know more about our business , how to do business…

Q: Explain the difference between culture and organization. Mention and discuss some features of the…

A: Organizational culture:   It refers to the values shared by te member within an organization that…

Q: Can a business do without managerial accounting ?

A: Business is defined as any unit that is engaged in executing activities. They may be involved in…

Q: A responsibility accounting system utilizes and assigns costs on the basis of their a.…

A: With the use of a responsibility accounting system, performance and accountability may be evaluated…

Q: Give two examples of nonfinancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: For what purpose should the managerial accountant be careful to not use joint cost allocations?

A: Joint costs: The total costs incurred prior to the split-off point, where the joint products are…

Q: True or False Cost and managerial accounting are not the same things

A: Cost accounting is the process of accounting and controlling the cost of a product,operation or…

Q: Classification of final goods in management accounting pesperctive.

A: In management accounting, final products refer to the goods or services that have completed the…

Q: Explain the costbenefits principles and how this affects the reliability and relevance of the…

A: Relevance refers to the concept or an idea that whatever information that is provided by the…

Q: Explain what is meant by responsibility reporting and the role of management by exception in such a…

A: Responsibility reporting is an approach used in maResponsibility reporting assigns financial and…

Q: How is an organization chart valuable to an organization?   Why is departmentalization important?

A: Organizational chart: Organizational chart is a graphical representation of the structure of the…

Q: What standards do management accountants follow?

A: Managerial Accounting is different than the financial accounting. Managerial accounting is prepared…

Q: What questions should managers answer when considering outsourcing?

A:

Q: What rules do management accountants follow?

A: SOLUTION- MANAGEMENT ACCOUNTING IS THE PROVISION OF FINANCIAL AND NON FINANCIAL DECISION MAKING…

Q: Explain the Role of absorption costing to improve organisational performance

A: Absorption costing means absorption of all cost of company. It allocates fixed overhead cost to the…

Q: Comprehend and Apply the elements of costing to the process environment.

A: Process Costing is used for industries involving continuous production of goods having same…

Q: Define decentralization structure in business.

A: Decentralization refers to the structure of an organization where the operations of an organization…

Q: Costing systems and investment centres are two types of business segments that are entirely…

A: The excess of revenues over expenses is defined as the net profits of the organization. he cost of…

Q: How is managerial accounting useful

A: Introduction: Accounting; Accounting is an art of recording, classifying,  summarizing and…

Q: Discuss the difficulties associated with manual cost accounting and how the organization may improve…

A: Various difficulties associated with manual cost accounting system are as under : a.) Manual entry…

Q: how the aborption costing method and the activity based costing method impact business oganizations

A: Absorption costing and activity-based costing (ABC) are two methods of determining the cost of…

Q: Why division of tasks or units of an organization benefits the company

A: Organisational structure is an outline of a company, which defines the role and responsibility of…

Q: Describe various organizational forms and business decisionmakers.

A:

Q: Which of the following is not a function of Cost Accounting? a. Control cost b. Reporting to owners…

A: Solution: "Reporting to owners"  is not a function of Cost Accounting. This is because the functions…

Q: Discuss two potential application of the activity based costing system in decision-making, to the…

A: Activity based costing method helps in allocating overhead cost of products based on different…

Q: How different in management accounting from cost accounting? Provide a brief commentary in two…

A: Definition: Accounting: Accounting is the process of recording, summarizing, and reporting all the…

Q: Give two examples of nonnancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: Discuss the role of performance reports in the Responsibility Accounting process.

A: Performance reports are organised papers or slideshows that offer a thorough overview and analysis…

Q: Explain the difference between a centralized company and a decentralized company.

A: The top management's approval is needed for all lower level actions, subjects and decisions in…

Q: The main focus of managerial accounting is: *

A: The primary target of administrative bookkeeping is help the administration organization in…

Q: Why is it important in responsibility accounting to distinguish between segments and segment…

A:

Q: Describe the purpose of managerial accounting.

A: Managerial Accounting: Managerial Accounting is mainly concerned with internal users of the…

Q: Based on the assignment and what you know about management accounting, what do you believe is the…

A: Management accounting :             The branch of accounting which facilitates the information from…