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From an accounting and funds control perspective what is the best examples of what you would do in the implementation and evaluation steps of the decision making process?
both ensure correct funds cite is on commitment/obligation documents and track expenditures and compare them to projections
What is the distinction between cost accounting and management accounting?
Cost accounting is concerned with cost accumulation for inventory valuation to meet the requirements of external reporting and internal profit measurement.Management accounting relates to the provision of appropriate information for decision-making, planning, control and performance evaluation. (Extracted from Cost and Managment Accounting by Colin Drury, Sixth Edition)
What is the need of management accounting in a business?
management accounting is needed to know the financial condition of the business .it reports to those inside the organisation for planning ,directing,motivating,controlling and performance evaluation. it gives special emphasis on decision affecting the future.
Which tools of management accounting is useful to check the solvency of company?
decision accounting
Is management accounting and cost accounting the same?
both are directed towards decision making.
From an accounting and funds control perspective what is the best examples of what you would do in the implementation and evaluation steps of the decision making process?
both ensure correct funds cite is on commitment/obligation documents and track expenditures and compare them to projections
What is the correct sequence for the decision making process?
Issue identification, analysis, development of alternatives, evaluation of alternatives, recommendation, decision, implementation, continuous evaluation
What are the eight stages of the decision making process in the correct sequence?
Issue identification, analysis, development of alternatives, evaluation of alternatives, recommendation, decision, implementation, continuous evaluation
What are the steps in issues management process?
1. Monitoring 2. Identification 3. Prioritisation 4. Analysis 5. Strategy Decision 6. Implementation 7. Evaluation
What are the step of crm?
There are 5 steps of CRM process. They include hazard identification, hazard assessment, control development and decision making, control implementation, supervision and evaluation.
What are the steps of the process?
There are 5 steps of CRM process. They include hazard identification, hazard assessment, control development and decision making, control implementation, supervision and evaluation.
What are Steps of CRM process?
There are 5 steps of CRM process. They include hazard identification, hazard assessment, control development and decision making, control implementation, supervision and evaluation.
What are the steps of CRM process?
There are 5 steps of CRM process. They include hazard identification, hazard assessment, control development and decision making, control implementation, supervision and evaluation.
What is the distinction between cost accounting and management accounting?
Cost accounting is concerned with cost accumulation for inventory valuation to meet the requirements of external reporting and internal profit measurement.Management accounting relates to the provision of appropriate information for decision-making, planning, control and performance evaluation. (Extracted from Cost and Managment Accounting by Colin Drury, Sixth Edition)
What is the counterpoint to evaluation and how does it impact decision-making processes?
The counterpoint to evaluation is intuition, which is a gut feeling or instinctive response. Intuition can impact decision-making processes by providing a different perspective that may not be based on logical analysis or evidence. It can sometimes lead to more creative or innovative solutions, but it can also introduce bias or error into the decision-making process.
What is the need of management accounting in a business?
management accounting is needed to know the financial condition of the business .it reports to those inside the organisation for planning ,directing,motivating,controlling and performance evaluation. it gives special emphasis on decision affecting the future.
What are management's roles and responsibilities in decision implementation What factors affect decision implementation How should these factors be addressed in order to assure the effectiveness of?
What factors affect decision implementation and how should these factors be addressed in order to assure the effectiveness of the decision?>your question is too long XP
