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Introduction to Performance Evaluation
Performance evaluation deals with the area of MA that is concerned with:
1) Holding individual managers responsible for certain aspects of the organizational performance.
2) Making them accountable by producing regular performance reports relating to matters for which they are responsible.
3) Motivating managers to achieve better results by setting targets for performance, judging actual results against targets and rewarding good performers.
4) Giving managers control information to enable them to make decisions about improving their performance.There are two interrelated aspects involved and these are:
1) Giving managers authority to make decisions and holding them responsible for the exercise of that authority. This is termed to as decentralization.
2) Defining a system of accountability by which to judge how the authority has been used and the responsibility carried out. This is termed to as responsibility accounting.
Examples
MAKE A TRADING ACCOUNT
Archie Ltd manufactures a product called Gizmo. It uses the following direct inputs: Price Quantity Cost per unit of output Direct materials $4 per gram 10 grams per unit $40 per
differentiate between multiple product , selling cots and margin management
Explain Out of pocket cost A cost which will have to be paid to outsides as against cross such as depreciation, which do not require any cash payment this cost is relevant in t
Why might managers favour this ABC system instead of the older system that allocated all MOH costs on the basis of direct? labour?
Have lot of questions please any one help me
Managerial Accounting Before going to Managerial Accounting let us discuss a bit about Financial Accounting. Financial accounting is concerned with reporting to the external pa
cases with solution..
What are the Advantages or uses of break even charts Computation of break even point or presentation of cost volume and profit relationship by way of break even charts has the
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