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The Role of Computers in Simulation
Computers can be used to:
1) To generate the random numbers
2) To simulate thousands of trials. This is done extremely fast, accurately and reliably.
3) Several combinations of the decision variables can be simulated very fast.
4) Provide management with timely reports, enhancing the competitive edge of the firm.
Why might managers favour this ABC system instead of the older system that allocated all MOH costs on the basis of direct? labour?
Strengths and weakness of net book value and pay back method
Classification of ratio according to significance The ratios have also been classified according to their significance. Some ratios are more important than other and the fir
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Determine the The tools and techniques used in management accounting 1. Financial policy and accounting : every concern has to take a decision about the sources of raising fun
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