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How can you set up the system so that a cardholders can reallocate only one specific accounting code segment?
To enable cardholders to reallocate only one specific accounting code segment, you should implement a user-friendly interface within your financial management system that allows for selective editing. This can be achieved by restricting access permissions, so cardholders can only view and modify that particular segment. Additionally, configure the system workflows to ensure that reallocations are tracked and require approval for changes beyond the specified segment. This targeted approach maintains overall financial control while providing flexibility for cardholders.
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How can you set up the system so that cardholders can reallocate only one specific accounting code segment?
Select only that segment on the accounting code view assigned to cardholders
Who pays the utility bills in a corporation?
Bills to companies and corporations are usually sent to the accounting department; a segment of accounting is 'accounts payable'.
What is Field Segment Contribution Margin?
Field Segment Contribution Margin is a financial metric that measures the profitability of a specific segment or division within a business, after accounting for direct costs associated with that segment. It is calculated by subtracting variable costs directly related to the segment from its revenue. This metric helps organizations assess the financial performance of different segments, enabling better resource allocation and strategic decision-making. Essentially, it highlights how much each segment contributes to covering fixed costs and generating profits.
Explain how 'segment margin' differs from 'contribution margin'?
Contribution margin is the amount remaining from sales revenue once all variable costs have been removed ie. Contribution Margin = Sales Revenue - Variable Costs Segment margin is the margin available after a segment has covered all of its costs. It's one of the best ways to determine the long-term profitability of a segment. ie. Segment Margin = Segment's Contribution Margin - Fixed Costs traced to the Segment
What are the five objectives of branch accounting?
BRANCH ACCOUNTINGBranch: A branch is a separate segment of a business. In order to increase the sales, business houses arerequires to market their products over a larger territory and may generally split their business intocertain divisions or parts. These various parts or divisions may be located in different part of the samecity or in different cities of the same country or in different countries in the world. These are known asbranches. The head office controls the activities of various branches.Branch accounting: Branch accounting is the process through which the accounting system of a branchis maintained.Objectives of branch accounting: The main objects of branch accounts are dependent on the nature of the business and specific need of a particular branch. The objectives of keeping the branch accountsacceptable to all businesses are as follows.1.To know the profit or loss of each branch separately.2.To ascertain the financial position of each branch separately on a particular date.3.To know the cash & goods requirements of the various branches.4.To evaluate the progress and performances of each branch5.To calculate commission for payment to the managers, if based on profits of branch.6.To give concrete suggestions for the improvement in the working of the various branches.7.To meet the requirements of specific enactments as all branches of a company must keep theaccounts for audit purpose
How can you set up the system so that cardholders can reallocate only on specific accounting code segment?
Select only that segment on the accounting code view assigned to cardholders
How can you set up the system so that cardholders can reallocate only one specific accounting code segment?
Select only that segment on the accounting code view assigned to cardholders
When you set up an accounting code structure which elements must you specify for each segment?
Segment name, Segment length, segment position
An accounting code structure consists of which elements?
Before you can modify an accounting code view, what needs to be in place?
Who pays the utility bills in a corporation?
Bills to companies and corporations are usually sent to the accounting department; a segment of accounting is 'accounts payable'.
What are the two specific points of a line segment?
Any line segment has infinitely many points and each one of them is specific to that line segment.
What has the author Clive R Emmanuel written?
Clive R. Emmanuel has written: 'Accounting for management control' -- subject(s): Managerial accounting 'Segment Reporting'
What types of values does a valid values list contain?
List of values for an accounting code segment
What is Field Segment Contribution Margin?
Field Segment Contribution Margin is a financial metric that measures the profitability of a specific segment or division within a business, after accounting for direct costs associated with that segment. It is calculated by subtracting variable costs directly related to the segment from its revenue. This metric helps organizations assess the financial performance of different segments, enabling better resource allocation and strategic decision-making. Essentially, it highlights how much each segment contributes to covering fixed costs and generating profits.
What type of values does a valid values list (VVL) contain?
List of values for an accounting code segment
Has a beginning and an endpoint of a specific distance?
A line segment
Which is longest line segment or line?
A line segment is a specific length. A line goes on forever in both directions.
