Explain how company's approach to planing and it's mission can be translated into action plans

Q: What objectives would you set for the company?

A: Objectives of a company means the mission or vision of the company for which the company operates…

Q: Where does the management accounting function fit into an organization?

A: Management Accounting:

Q: How does customer Satisfaction relate to management accounting? Give a practical example.

A: Customer satisfaction and management accounting are intrinsically connected in the corporate sector.…

Q: Describe the decision making process in management accounting.

A: The decision-making process includes a series of steps which are followed in making a decision for…

Q: brenchmarking to improve an organizations performance

A: Benchmarking is the method of fixing standards for evaluating the performance of the business entity…

Q: Explain how managers use CVP analysis in decision making

A: Full for of CVP is Cost- Volume- Profit Analysis. It is that method of cost accounting that studies…