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Somebody needs to define what is needed, when it is needed by, monitor that all activities come together and every team member is going in the right direction, control the budget in order to realize.Management is the process of choosing and coordinating all available organizational resources to accomplish the firms goals and objectives. Without appropriate management of these resources,...

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What is meant by the concept of neutrality in accounting?

financial statements are not prepared in a way to favor groups of users (managements, owners, creditors ect) over other groups. the information is prepared to be helpful to all


What are the objectives of management accounting?

Ø Planning: The success of any business depends upon the proper planning. Planning also involves foreseeing the problem of arranging adequate funds or resources to implement the various plans. It can render valuable information as to what should be the cheapest source in terms of cost involved. Ø Organizing: By following various techniques of it, each department of the organization can be examined separately. It helps the management in performing this function by assigning specific responsibilities to different people. Ø Controlling: Management Accounting helps the managements in controlling the performance of the business. The actual results are compared to plan objectives. Budgetary control, cost variance, and interpretation of financial statements are helpful in this direction. Ø Decision making: Decision-making is a very important function of management among all the functions of the management, It can be very helpful in this regard. Under this function, to management finds various alternatives, which should yield maximum profit. Marginal Costing, Break-even analysis etc. can help to the managements in this regard. Ø Time saving: It is concerned with the analysis and interpretation of financial statements. It selects only that information, which is useful to managements and hence save the time of the managements.


What is the duties of a Receptionists?

To know what the boss needs before he needs it and do all the work for him.


What needs to happen when the customer pays on the account?

When a customer pays on an account it needs to be documented immediately and if paying in person a receipt of payments needs to be given to the person who is paying.


What is a needs statement?

a topic state ment of needs is never to expect any thing in return.