User Account

All Pages

Explain the concepts of responsibility accounting

Assignment Help Accounting Basics
Reference no: EM132759171

Discussion Board : Performance Evaluation

In this discussion, we will examine how firms use budget and other information to evaluate the performance of individuals and of the firm. Students should be able to exhibit a familiarity with these concepts and how they are used.

Question 1: Explain the concepts of responsibility accounting and performance evaluation in your own words. How can these be used by a firm to improve their performance? Describe a balanced scorecard and explain how it differs from a traditional evaluation approach.

Reference no: EM132759171

Questions Cloud

Find and identify a fixed cost that company would incur : Find and Identify a fixed cost, a variable cost, and a mixed cost that company would incur and explain how you determined that those costs would fit
Record the necessary journal entries : "Aging is Fun" paid a total amount of $1,200 to "Healthy Meals". Based on the information provided, record the necessary journal entries
Hipaa privacy and security requirements : Why do HIPAA's privacy and security requirements cover some health care entities and not others?
Discuss why budgeting is important for a firm : Discuss why budgeting is important for a firm. Do you think that a firm's budget should ever be violated (exceeded)? Explain your rationale.
Explain the concepts of responsibility accounting : Explain the concepts of responsibility accounting and performance evaluation in your own words. How can these be used by a firm to improve their performance?
How will need to adjust communication techniques : Conduct a brief internet search on this topic and think about the tools and techniques that you (personally) use when communicating.
Describe decisions that provided by financial accounting : Describe one or two examples of decisions that could be made using the information provided by financial accounting. Provide specific examples
Provide an example of how the evidence could be used : Describe the type of evidence. Provide an example of how the evidence could be used. In performing financial statement audits, auditors gather
Describe requirements for reviewing for contingent liability : You and your team have completed your fieldwork, Describe the requirements for reviewing for contingent liabilities and subsequent events.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd