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What makes budgetary accounting different from conventional accounting?
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∙ 6y ago
what makes budgetary accounting different from conventional accounting
Berihu Gebyaw
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Impact of information technology on financial accounting?
The impact of information technology in accounting cannot be overemphazised because of its significant in accounting. There are there major things IT does to accounting sector1.It simplify the rigorous procedures of accounting work2.It makes the job easier3.It increase the speed of solving accounting problems4. An organised accounting data for timely use is achieved.
What are the main advantages of the Peachtree Accounting software over similar software programs?
Peachtree Accounting software is the oldest accounting software in the world. Peachtree software contains all forms of accounting services. Peachtree Accounting software makes bookkeeping quick and easy.
6 Differentiate between Standard Costing and Budgetary Control?
Distinction Between Standard Costing And Budgetary ControlAlthough budgetary control and standard costing both are based on some common principles; both are pre-determined, comparison will be made with the actual costs and both system need a revision of the standards or the budget, these two systems have certain differences which are as follows: 1. Budgetary control deals with the operation of a department or the business as a whole in terms of revenue and expenditure. Standard costing is a system of costing which makes a comparison between standard costs of each product or service with its actual cost.2. Budgetary control covers as a whole in terms of revenue and expenditures such as purchases, sales, production, finance etc. Standard costing is related to a product and its cost only.3. Budgetary control is applicable to utmost all business organizations. Standard costing is applicable to manufacturing concerns producing standard products and services.4. Budgetary control is concerned with a specific period and is based on the totals of amounts. Standard costing is concerned with the standard costs, which are worked out generally per unit of production.5. Budgetary control is not based on standard costing system. Standard costing cannot exist in the absence of a budgetary control system.Posted Syeda Humaira Fatima
When a business makes a sale on account which account is debited in the accounting entry?
Cash book
What are merits and demerits of management accounting?
Merits of Management AccountingManagement Accounting helps in Budgeting by classifying and calculating costs and estimating the costs and revenues for the future. Management Accounting plays a major role in the internal decision making for the organization. Management accountants also find ways to manage the organization's resources in a better way by doing cost savings. Management Accounting makes it possible for the management to understand the needs of the organization and those of the different departments.Using Management Accounting is very important because it helps in managing the internal operations of an organization. Just as Financial accounting is vital for external investors and creditors, Management Accounting is important for the internal managers.
What makes a conventional loan different from other kinds of loan?
The difference between a conventional loan and other types of loans is that it's not made by the government. A conventional loan is not insured by the government either.
How much does an accounting administrator make I am an accounting administrator and I do not believe I am paid enough and I would like to know what a person that is also one makes today.?
An accounting administrator makes an average of 44,000 per year. In different areas of the country, you can make more or less.
Who makes Blain's Farm and Fleet motor oil?
If it is the conventional oil it REALLY does NOT matter who makes it. Most conventional motor oils are the same. With conventional motor oil just use the recomended viscosity and change it often.
How convert conveniotional energy into non conventional energy?
You don't. There is no difference in the type of energy, between the "conventional" and "non-conventional" types. What makes energy conventional or non-conventional is the SOURCE - a conventional source being one that has been used for a long time.
disadvantage of earnings per share?
each company has different accounting policies; this makes it harder to compare individual companies on a like for like basis.
Why do you need to know about accounting?
It makes you a more valueable employee
What makes the atomic bomb different from other powerful bombs?
The atomic bomb involves a nuclear chemical change whereas conventional explosive only involve electrochemical changes.
Impact of information technology on financial accounting?
The impact of information technology in accounting cannot be overemphazised because of its significant in accounting. There are there major things IT does to accounting sector1.It simplify the rigorous procedures of accounting work2.It makes the job easier3.It increase the speed of solving accounting problems4. An organised accounting data for timely use is achieved.
Why have you chosen accounting?
When you are asked this question you should focus on what makes accounting important to you. It is a good ideal to link your passion to the objectives of the organization.
What are the main advantages of the Peachtree Accounting software over similar software programs?
Peachtree Accounting software is the oldest accounting software in the world. Peachtree software contains all forms of accounting services. Peachtree Accounting software makes bookkeeping quick and easy.
What happens if the creditor does not charge off a debt after a chapter 13?
Charge off is an accounting term referring to entries made on the creditors accounting books. His accounting makes no difference to the debtor.
What can you do when your bank makes an accounting error and charges you erroneously?
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