Responsibility Accounting Report
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
how to monitor and control expenses against budget/
they force the manager to compare actual costs at one level of activity to budgeted costs at a different level of activity.
Managers compare the actual line item amounts for manufacturing overhead with the budgeted amounts. Managers investigate large differences between actual and budgeted amounts to identify the reasons why actual costs differ from planned or budgeted costs.
1. Predicting the effect of planning decisions on profit 2. Recording actual performance 3. Comparison of actual or budget performances 4. Management action as a consequence o the above
Depending on whether you subtract actual value from expected value or other way around, a positive or negative percent error, will tell you on which side of the expected value that your actual value is. For example, suppose your expected value is 24, and your actual value is 24.3 then if you do the following calculation to figure percent error:[percent error] = (actual value - expected value)/(actual value) - 1 --> then convert to percent.So you have (24.3 - 24)/24 -1 = .0125 --> 1.25%, which tells me the actual is higher than the expected. If instead, you subtracted the actual from the expected, then you would get a negative 1.25%, but your actual is still greater than the expected. My preference is to subtract the expected from the actual. That way a positive error tells you the actual is greater than expected, and a negative percent error tells you that the actual is less than the expected.
whats the meaning accurately expected results and actual results
molecular formula
False
True Apex ;)
Marketing control is the process of taking actions or steps to bring the desired results and actual result closer. Many a times actual marketing results deviate from the expected results due to the change in the government regulation or change in competitors strategy and likewise. An efficient and effective marketing control system can help in detecting such deviations and take suitable and appropriate measures to control them.
You need to judge the actual manager, no matter what age, because even an older manager can be a pain in the neck.
false
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
A marketing manager in a typical company is responsible for supervising the company's sales force. As a consequence of this, the marketing manager does not actual sell.
The expected outcome is Profit. But, the actual outcome may be different if the stock selected was poor.
false