Management accounting helps managers determine where their departments can be improved. Accounting reports help managers know what weaknesses exist in their processes.
what is the nature and scope of educational management
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It has to do with Strategic Management. That is: the way in which the managers plan, coordinate, and lead, etc.; in order to gain and maintain competitive advantage.
The Project Management Plan tells you how to manage all of the different knowledge areas, and it has baselines for the scope, schedule and budget. The Scope Management Plan is one of the subsidiary plans inside the project management plan. It has really specific procedures for managing scope. For example, it tells us which stakeholders we need to talk to when gathering requirements. It lists what tools and techniques we are planning to use when we use the Scope Definition to define the scope. And when there's an inevitable change because even the best project manager can't prevent every change, it gives him procedures for doing Scope Management. So even though the Scope Management Plan is created in the Develop Project Management Plan process, it's used throughout all of the Scope Management processes.
What is management accounting ?Explain the nature and scope of management accounting management accounting is a part of accounting which is used for decision making lik in the organisation these decision makers prepare cash flow statement wich helps in forcasting the future profit of the organisation
difine the nature and scope of management accounting?
what is the nature and scope of educational management
The scope of management accounting is to aide management of a particular company with enough information to take critical decisions. Nature of management accounting includes coverage of day to day expenses, research and development, and current market scenario.
Explain cost center in the context of cost accounting
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1.6 scope and limitation of the study:
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scope of accounting with answer some points?
It has to do with Strategic Management. That is: the way in which the managers plan, coordinate, and lead, etc.; in order to gain and maintain competitive advantage.
1= Limitations of basic records:- Management accounting derives its information from financial accounting,cost accounting and other records. the strength and weakness of the management accounting,therefore, depends upon the strength and weakness of the records. 2= wide scope:- Management accounting has a very wide scope incorporating many disciplines.It considers both monetary as well as non-monetary factors.this all brings in exactness and subjectivity in the conclusion obtained through it.
The nature of international financial management is in having a relationship with accounting and economics. The scope of this management is figure out the amount of money a company needs, and then to source it to them. It is also their job to make sure the company invests it properly.