Explain the role of the accountant in the international environment.

Q: Explain the contemporary business environment and how it has influenced costmanagement.

A: The business environment that is extremely competitive and creates a performance pressure on the…

Q: The following is a list of terms related to managerial accounting practices. 1.   Activity-based…

A: Definition: Managerial accounting: Managerial accounting is a system, or a process of collecting and…

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 difference between FIFO and LIFO methods . Provide example for each method. The subject…

A: Difference between FIFO and LIFO methods No. FIFO LIFO 1) In FIFO method the stock brought…

Q: Conduct research and provide an overview of what performance evaluation entails in managerial…

A: 1. Use of performance evaluation in managerial accounting: A management control system's foundation…

Q: Accountancy help for the global competion

A: Management accountancy refers to the process of systematically recognizing, formulating, evaluating,…

Q: Understanding intermediate products and final products in management accounting.

A: Intermediate and final goods have different but equally essential functions in the manufacturing…

Q: Assume you have just been hired as the management accountant in charge of providing your firm's…

A: Value chain is the model of business, which states the activities full range required to create the…

Q: QUESTION 2 a) Briefly explain, how you understand the following term i) Costing ii) Cost object iii)…

A: Accounting is the systematic recording, analysis, and reporting of financial transactions and…

Q: How can management accountant help improve quality and achieve timely product deliveries?

A: Management accountant perform various functions like analysis cost, business processes to identify…

Q: Now, consider emerging trends in business today.  How should the discipline of managerial accounting…

A: Management accounting is the branch of accounting which deals with the decision making of the…

Q: How investment center important in managerial accounting

A: The process of using the financial information the entities' managers in order to make decisions is…

Q: What is the full form of CIMA, the professional body controlling the profession of Cost Accounting?…

A: Introduction: CIMA: CIMA is Established in March , 1919 CIMA is the world largest Accounting body.

Q: Describe the purpose of managerial accounting.

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

Q: Value chain classifications Match each of the following cost items with the value chain business…

A:

Q: How management accounting information is used for strategic and operational decision-making.

A: Management accounting is widely used by companies to make decisions regarding the investment and…

Q: Why management accounting systems pay so much attention to costs and why a focus on costs will…

A: There are a number of reasons why management accounting systems pay so much attention to costs and…

Q: Cost Accounting verity more from Financial Accounting? True Flase

A: Cost accounting can be defined as an important branch of managerial accounting under which the…

Q: 1. Explain how a management accountant can help their supply chain colleagues. explain the answer…

A: Supply chain management is the handling of entire product flow starting from purchase of raw…

Q: Describe the role of management accounting in providing information to managers for decision making,…

A: Management accounting is the accounting done for the managers and helps the management to perform…

Q: Explain how “balanced scorecard” is used in management accounting systems.

A: Management accounting systems are tools used by managers to plan, direct, and control an…

Q: Discuss how managerial accounting information fulfills the following purposes. Give an example of a…

A: Management accounting is a feild of accounting that deals to assist the internal users to make good…