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Why responsibility accounting is a fundamental part of the Management Accounting Control System MACS?
Wiki User
∙ 9y ago
Responsibility accounting helps in the management accounting and the managerial control of a business. It fixes the responsibility of the individual performance and the operation results so that it is not a vague concept.
Wiki User
∙ 9y ago
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Short notes on responsibility accounting?
what is responsibility accounting
What are some examples of Statements on Management Accounting?
The content of issued SMAs ranges from fundamental issues, such as SMA No. 1A, "Definition of Management Accounting," to restructuring the finance function.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
Concept of social responsibility accounting?
concept of responsibility accounting
Is Management accounting starts where financial accounting ends?
Management accounting starts where financial accounting ends
What are fundamental concepts of accounting?
basic principle of accounting
What are the fundamental concept of accounting?
basic principle of accounting
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
How does cost accounting connect with financial accounting and management accounting?
Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
Explain the concept of social responsibility accounting?
social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society
Distinguish management accounting and cost accounting?
What is Dintinguish Management?
