Which of the following is not a benefit of budgeting? a. It sets some standards to evaluate performance. b. It uncovers drawbacks of department performance c. It reduces the need to track the actual cost activity d. It formalizes a manager's planning efforts

Q: what is the role of performace management techniues in improving organizational performance

A: Performance management involves the process by which the set of activities to be done by the…

Q: re: a. Internal (management) O a. h ytornal users

A: Managerial Accounting : It is the process of identifying, measuring, analysing, interpretating and…

Q: Why is cost estimation an important function in managerial accounting?

A: Cost estimation involves predicting the cost to be incurred for the production of goods and services…

Q: compare and contrast betweeh managerial and financial accounting

A: Financial accounting is defined as the accounting for revenues, expenses, assets, and liabilities.…

Q: Discuss specific characteristic differences we would expect to see in managerial accounting…

A: Financial accounting is the process of documenting, summarizing, and reporting a company's…

Q: Much of managerial accounting information is based on: a, cost-benefit analysis b. profit…

A: Managerial Accounting is the branch of accounting that focuses on providing accounting information…

Q: Managerial accounting information generally pertains to an entity as a whole and it is directed…

A: True

Q: Discuss development needs and skills required for managerial accounting job and future goals?

A: The objective of this question is to understand the skills and development needs required for a…

Q: In responsibility accounting, why are reports to higherlevel managers usually summarized?

A: Responsibility Accounting:   The management of responsibility centers by the means of Fe-determined…

Q: The Role of Perfomance Management Techniques in improving Organizational Performance

A: Performance management techniques refers to the mechanism which is used for tracking the performance…

Q: Is it correct that managerial accounting mainly provides services for manufacturing organizations?…

A: Management accounting is a tool which produce different financial report based on the requirement of…

Q: Function of human resources management

A: Solution- Human resource management (HRM) is nothing but managing human resources. it's the policies…

Q: Explain the purpose and nature of, and the role of ethics in, managerial accounting.

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

Q: Managerial accounting provide information for decision making, planning, and controlling an…

A: Managerial accounting is more of a goal focused and provides to the management of the company with…

Q: give an example of profit measurement in managerial accounting that fulfill a situation

A: Objective Managerial accounting Maximization of profit and minimization of losses  are the main…

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: What is the beginning & end function of management process? a. Directing & Controlling b.…

A: Functions of management process - Planning  organizing  leading controlling

Q: Identify and explain the trends in managerial accounting?

A: Managerial accounting is a accounting system which identify, interpret and measure the analysis of…

Q: What are the differences between managerial accounting and financial accounting? take examples

A: Managerial accounting: Management accounting is a practice whereby management reports and accounts…

Q: Identify some qualitative factors that should be considered when making managerial decisions.

A:

Q: Managerial accounting information is generally prepared for a. stockholders. b. creditors. c.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What are the differences between managerial accounting and financial accounting? taking example

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

Q: Describe the managerial accountant’s role in business planning, control, and decision making.

A: Managerial accounting:   Managerial accounting is a process of analyzing, evaluating and…

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: primary users of managerial accounting information

A: Accounting information is presented in the financial statement of the company. The financial…

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: y in the use of company r

A: Managerial efficiency : The fraction of total organisation personnel that contributes to performance…

Q: Managerial accounting reports can be described as O general-purpose. special-purpose. O…

A: Managerial accounting, sometimes known as managerial accounting, is a type of accounting that…

Q: Explain how an organisation uses management accounting practices.

A: Management accounting practices are systems that enable firms to generate information for budgeting,…

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: Managerial accounting is generally defined as including the following activities: Multiple Choice O…

A: Managerial accounting is one of important and useful branch of accounting. Under this, all the…

Q: Explain the differences between managerial accounting and financial accounting. (

A: Financial accounting and management accounting are two separate branches of accounting. Financial…