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Operation and Design of Cost Accounting Systems
A number of features should be taken into account previously to finalizing the design of a cost and management accounting system. These are like:
a) Business's nature enterprise
b) The accounting methods and techniques that will be of use
c) Type and Volume of information that will be needed
d) The method of recording, communicating and processing information.
Relevant Costs and Decision-Making The relevance of costs will depend upon the purpose for that they are being utilized. Relevance is related to future decisions. The relevanc
In January 2012, the management of Stefan Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the fol
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BUDGET A BUDGET is a quantitative expression of a business plan for a particular future period, generally a year. BUDGET is the planned future course of action. BUDGET
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Purposes of standard cost accounting connection - suppose you were a management consultant and the client asked you the advantages and disadvantages of using standard costs and cos
Process of Setting Standards in Standard Costing Establishing correct a standard is extremely important due to the accuracy of the standards usually finds out the success of t
ESSAY
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