a) Outline the objectives of management accounting
Management accounting is the process of extracting, analysing and interpreting and presenting the financial data so that it can be used effectively by the management to make quality strategic decisions relating to the enterprise.
The objective of management accounting
a) Helping in interpretation of financial information
b) Helping in formulating the business plans and policies for future
c)Help in the process of comparison and implementing control procedures
d) Helps in strategic decision making & for making decisions regarding operations, processes
Why use continuums? What makes up project cost management plan? Why determine and outline project objectives? Explain project cash flow statement What’s top down and bottom up estimating? Cost trade offs management?
Instructions Teaching Plan Objectives (3) Include at least three teaching objectives. (The patient will:) Outline of Content Write an outline of content that will be taught. Assessment Learning Readiness Assessment criteria needed for chosen audience’s readiness to learn. Teaching Tools Description of teaching tools that will be used when presenting the Teaching Plan to chosen audience. Considerations (cultural, literacy, other) Describe chosen audience and considerations needed when teaching. Evaluation of teaching Evaluation of the objectives. Instructions Teaching Plan Objectives (3) Include at...
= Instructions Teaching Plan Objectives (3) Include at least three teaching objectives. (The patient will:) Outline of Content Write an outline of content that will be taught. Assessment Learning Readiness Assessment criteria needed for chosen audience’s readiness to learn. Teaching Tools Description of teaching tools that will be used when presenting the Teaching Plan to chosen audience. Considerations (cultural, literacy, other) Describe chosen audience and considerations needed when teaching. Evaluation of teaching Evaluation of the objectives.
a) Outline the objectives of management accounting (3 Marks) b) Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: i) Compute the number of hours required to produce the first 34 units (3 Marks) ii) Compute the number of hours required to produce 34th unit. (2 Marks) iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units...
Give short answers for the following questions: (15) i. Define ‘Accounting’. ii. Explain the primary objectives of accounting. iii. Discuss the limitations of accounting. iv. What types of activities are included in data evaluation? v. Outline the main functions of accounting considering the following groups; Lenders Employees Customers Please suggest information that each one is likely to need from accounting statements and reports.
The changing roll of the management accountant and management accounting information The roll of management accountant has changed considerably over the last few decades from being primarily a ‘number crunching’ function, recording and reporting on a diverse range of aspects of a company’s current financial health status, to a much more valuable broader strategic roll, vitally important in planning and decision making. Requirement Discuss this statement with reference to the changing business environment that has led to substantial changes in...
Define accounting and its objectives:
Which of the following is not a key principle of management by objectives(MBO)? a. specific objectives for each individual b. performance evaluation and feedback c. autocratic decision making d. specific time period to accomplish goals
What is accounting cycle? Outline the basic steps included in accounting cycle.
You might need to outline the organisation's mission, goals, objectives and operations and explain how a proposed project will relate to them. What is a vision or mission statement and why is it important that any project you undertake should relate to the organisation’s vision, mission statement, overall goals objectives and operations? (300–400 words)