Match each of the following type of responsibility centers with what all they are accountable for. Cost Center Profit Center Investment Center Revenue Center Match each of the following type of responsibility centers with what all they are accountable for. Cost Center Cost Revenue and Cost Profit Center Revenue, Cost, and Investment Revenue Center Cost Revenue Center Revenue

Q: trol principle for accounting information systems requires that the:

A: Accounting Information Systems play an essential role in delivering relevant and timely financial…

Q: ) Give an example of a department corresponding to an investment center, specifying the practical…

A: Give an examle of a department corresponding to an investment centre.

Q: list down the various levels, methods and approach of earning management

A: Answer: Earning management is the accounting term that is used to present different financial…

Q: Some of the things that are the responsibility of the operational sector are capacity planning.…

A: Capacity planning refers to a process for determining whether the production resources like…

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: In which of the following responsibility centers does the manager have responsibility for and…

A: Responsibility Centre is one of the segments of a company that allows the managers to perform…

Q: Give a breakdown of the sources of income and categories of costs for a financial organization.

A: Banking institutions are one of the key financial institution of the economy. They primarily receive…

Q: ow important profit center in managerial accounting

A: Profit Center - Profit Center is the individual unit operating independently from the main branch or…

Q: Match each of the following with its appropriate term. Controllable factors This is the part of an…

A: An investor center is a unit of business which is responsible for its own assets, income and…

Q: mance evaluation seeks to achieve goal congruence and managerial effort." Discuss what you think is…

A: Definition of performance evaluation Performance evaluation is as a formal and productive procedure…

Q: In which of the following centers are managers responsible for controlling costs and generating…

A: The question is asking to identify the type of center in an organization where the managers are…

Q: One of the managerial accounting functions in a decentralised organisation is to develop a…

A: Responsibility accounting is a system that involves identifying investment centers within an…

Q: Match the term with the co decentralized cost center

A: (1) Decentralized = This type of company typically promotes from within Reason: This type of company…

Q: The objective of Human resource accounting in the modern organizations is to____ a. Attract the…

A: The correct option is  B. All of the given options

Q: Which function of Management is concerned with an effective procurement of human resources and…

A: Answer: option (a) Staffing is one of the significant functions of management.it is a continuous…

Q: For each of the following support departments, identify a cost driver that could be used for…

A: A cost driver seems to be the source of a cost that has an impact on the overall cost. For instance,…

Q: The accounting department for Target Stores may be classified as a(n)     profit center.…

A: Accounting department is a department in the organisation which is responsible for all the…

Q: A balanced scorecard is the compatibility between personal goals and the goals of the organization.…

A: A balanced scorecard is a management tool for strategic performance of the organisation.

Q: Describe why sales and operations planning teams are cross fuxntions ?

A: Sales is basically concerned about exchange of a product or service for either any product, service…

Q: Performance appraisal is conducted for:

A: Performance Appraisal Periodic assessment of an employee’s job performance  is called Performance…

Q: A strategy of product leadership can also be called which of the following? O Cost leadership Lean…

A: Cost accounting refers to the recording of the overall cost of production by considering the…

Q: Classify the performance measures below into the most likely balanced scorecard perspective…

A: Balanced scorecard: It is a tool to measure the performance that relates a company’s strategy to…

Q: In your own understanding, please answer the following: 1. What are the importance of knowing,…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Identify and discuss arguments that individual product managers may put forward to support their…

A: Preferred Revenue Allocation method is a revenue allocation method in which managers in charge of…

Q: Preparing performance reports that contain data only about items that a specific manager controls is…

A: Performance report: It implies to a document that is created to show the outcome or results related…

Q: 5. 6. is the process of giving employees the authority to make important decisions and to be…

A: 5. ___ is the process of giving employees the authority to make important decisions and to be…

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: 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…

Q: The two dimensions of managerial accounting are:

A: Management accounting provides such financial information and resources for management and investors…

Q: Which of the following is not among the main uses of Activity-Based-Management ABM Select one: O a.…

A: Activity Based Management is a method or procedure of analysing profitability of the company by…