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Relationship among management accounting and cost accounting
Referring to CIMA's definition for cost accounting, we can determine cost accounting is a part of management accounting.
CIMA defines here management accounting like "provision of information required via the management for such reasons like formulation of policies, and controlling and planning the activities of the enterprise, decision taking upon the alternative courses of disclosure, action to those external to the entity as like shareholders and others, disclosure to staff of employ and safeguarding assets. Management accounting and cost accounting contain basically the same functions.
If question (CA IPCC) is silent which method to follow: avg cost or fifo or lifo?
from the following particulars calculate the earning of worker . rate per hours $0.50 standard time 200 hours time taken 140 hours
CVP and Computer Applications The broad availability of personal computers encourages more managers to apply cost volume profit analysis. Computers can quickly create the comp
to determine product cost:
With the internal rate of return, how can a company use the ROI methodology as a realistic measurement? Please discuss the pros & cons of each measurement statistic.
Controllable and Non Controllable Costs Controllable costs can be influenced on the level of authority at that they are being analyzed when non-controllable costs cannot.
During his career in the energy industry, T-Bone McAdams has accumulated $5,000,000 in "surplus savings" that he is planning to donate to his college alma mater, Oklahoma A&M, in
Importance of Variance Analysis Variance analysis is aimed at getting practical pointers to the purposes of off-the -standard performance hence management can improve operatio
explain various type of cost ccounting
in what ways does specific order costing differ from process costing
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