2. What are the three management functions that management accounting information can be used to make...
Answer these question in less then 3-4 lines. Questions 1. Differentiate between Management accounting and Financial accounting . 2. What are the three management functions that management accounting information can be used to make them become more effective? Explain each very briefly. 3. Explain what is the process of control? 4. Why is feedback necessary in management process? 5. What does Total Quality management emphasize [or put stress on]? 6. What are the two factors that can prevent a manager...
Answer these question in less then 3-4 lines. Questions 1. Differentiate between Management accounting and Financial accounting 2. What are the three management functions that management accounting information can be used to make them become more effective? Explain each very briefly. 3. Explain what is the process of control? 4. Why is feedback necessary in management process? 5. What does Total Quality management emphasize (or put stress on)? 6. What are the two factors that can prevent a manager to...
Discuss the difference between management accounting and Financial Accounting and explain how Management Accounting information can assist management.
How financial accounting and management accounting can be used to get comprehensive overview about corporations? What if you are an external stakeholders and what if you are an internal stakeholders. Explain
1) How does management accounting differ from financial accounting? 2) Describe the business functions in the value chain? 3) How can management accountants help improve quality and achieve timely product deliveries? 4) Define cost object and give three examples? 5) Define direct costs and indirect costs.
Identify three accounting software packages that you would consider for a small business. Explain what must be taken into consideration when selecting small business accounting software. And, state why the quality of record-keeping is so important in track business finances for accurate record keeping. Highlight the key discoveries of your accounting software research: Compare and contrast the three-software accounting software you have selected with a focus on record management. Then, discuss the advantages and disadvantages that each accounting software package...
Sep 15, 148 AM Distinguish between managerial and financial accounting as to (a) primary users of reports, (b) types and frequency of reports, and (c) purpose of reports. Sep 15, What are the functions of management? Briefly explain each function. What three costs make up manufacturing costs? Briefly identify each cost. it Explain the differences between a product cost and a period cost. Sep 15, 2020 at 7:48 AM What inventory accounts are used by a manufacturer? In what financial...
Part 1 You are also required to explain how you can make use the management functions (POLC- Planning, Organizing, Leading and Controlling) in ensuring the effectiveness and efficiency of your business operations and in coordinating the work of company employees with professional management skill 1) Planning - identify three (3) plans for each strategic and operational plans of your company; 2) Organizing - organization chart of your company (Organizational Structure and Design), job scope; and choose any three (3) key...
1. Discuss what you believe is the most important aspect of managerial accounting. 2. Management can develop accounting systems to closely track costs and identify deviations from expected amounts. However, how can managers combat fraud and other ethical dilemmas? Discuss. Please briefly detailed answers for each question 400 words at least, and with references if possible, thank you :)
Accounting fundamentals for healthcare management : chapter 1 1. Explain the primary functions of finance ? 2. Explain the primary functions of accounting?