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Managerial accounting is what type of accounting?
Managerial accounting is a type of accounting which is concerned with providing information to managers that is, people inside an organization who direct and control its operation.
Managerial accounting is directed at gathering useful information about costs for planning and control decisions?
True
Does every limited company have to appoint an auditor to protect the shareholders?
They are not required by law to appoint an auditor to protect the shareholders, but many do. This is not only to protect the shareholders, but to protect the company as well.
How do potential shareholders use accounting information?
The shareholders require information on the value of their investment and income that is derived from their shareholding.
What information is gained through managerial accounting?
The information that is gained through managerial accounting includes: · Information on the costs of a business's products and/or services · Budgets · Performance reports · Information on revenues · Sales back logs · Unit quantities · Demand on capacity resources · Any other information that may assist a manager in his or her planning and control activities
Do shareholders control prices and availability in an industry?
No
What is non-volitional behaviour?
Non-volitional behavior refers to actions or responses that occur involuntarily, without conscious control or intention. These behaviors are often reflexive or instinctual in nature, such as blinking, sweating, or certain emotional reactions.
Why it is important for you to learn managerial skills and roles?
to control the organization
Which term refers to the manner in which shareholders control a corporation?
corporate governance
What are the four traditional techniques of managerial control?
Statistical Control Reports Break Even Analysis PERT CPM
What functions comprised in managerial skills?
Plan Organize Communicate Direct Control
Managerial accounting is what type of accounting?
Managerial accounting is a type of accounting which is concerned with providing information to managers that is, people inside an organization who direct and control its operation.
Difference between professional and traditional management?
under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals
A. Theory of planned behaviour?
attitudes, subjective norms, PBC,intention and behaviour. Perceived Behavioral Control is a part of:
Who has control in an s corporation?
The shareholders hjave the ultimate power and the officers operate the corporation.
Who are the shareholders of the Irish central bank?
The shareholders are not the government or the peopke of Ireland but the eight 'associatrd banks' as per the Irish Central Bank Act (1944) and as since consolidated or accquired. These shareholders control the board, instruct the Governer, and make appointments.
How are managers bonded to shareholders?
1. Shareholders determine the membership of the board of directors by voting. 2. Contracts with management and arrangements for compensation can be made so that management has an incentive to pursue shareholders' goals. 3. Fear of a takeover gives managers an incentive to take actions that will maximize stock prices 4. Competition in the managerial labour market may force managers to perform in the best interest of shareholders. Firm willing to pay the most will lure good managers.
