0
A key factor in accounting is another term which is commonly used for limiting factor. This is a class of materials, finance or production facilities, or labor that is no longer available and cannot be increased within the realm of accounting within the company.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
1 What is the nature and scope of accounting?
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
What are the purpose of management accountong?
The purpose of management or managerial accounting is to obtain financial information to help make business decisions. Another type of accounting is financial accounting.
How does management accounting facilitate the carrying out of management functions?
Management accounting gives the organization's management the tools to plan ahead. It allows the managers to figure out where the company is losing money, and how it can maximize productivity and profits.
Why financial accounting defer with other disciplines?
Financial Accounting just deals with the recording, analysing and classification of financial statements. Whereby other disciplines related to Financial accounting deal with the information "recieved" from Financial Accounting. For example : Management Accounting deals with making decisions for the company's growth and stability, on the contrary Financial accounting provides the data to management accounting for its decision making process.
Significance of cost accounting to the management?
it help management in decision making it also help management to ascertain the cost of a product
Is Management accounting starts where financial accounting ends?
Management accounting starts where financial accounting ends
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
Distinguish management accounting and cost accounting?
What is Dintinguish Management?
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
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.
What are the 12 key accounting concept?
There are 12 key accounting concepts. These concepts are, money - management, going concern, entity, dual aspect, cost, realization, time period, objectivity, conservatism, materiality, matching, and consistency.
Why Accounting is eyes and ears of management?
management accounting has been described as the eyes and ears of management
What has the author Thiyagarajan Velumail written?
Thiyagarajan Velumail has written: 'Employee involvement as a key factor' 'Employee involvement as a key factor in successful environmental management'
What are the Key Activities in Service Asset and Configuration Management?
The key activities of Service Asset & Configuration Management are: 1. Management and Planning 2. Configuration Identification 3. Configuration Control 4. Status Accounting and Reporting 5. Verification and Audit 6. Information Management
What are the major factor causing changes in management accounting today?
technology, global competition, concentration of power.
What is management accounting information used for?
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
