An organization's primary operations occur in the U.S. and Europe. However, it has relocated its cash management and accounting functions to an in-house business unit located in India. This business supports standardized finance processes and controls. It has also established, measured and reduced the cost of these back-office business processes. Which of the following BEST describes this concept?   Outsourcing Netting center Decentralized control Shared service center

Factors Influencing The Role Of Management Accountant.? Organization size: Huge entities have the resources to engage accountants to do specific management accounting duties. Their operations also tend to cover a wider area (probably global) and therefore require many aspects of management accounting. Market competition: There is an urgent need for more management accounting information when the competition becomes more intensified. For example, a Balanced Scorecard helps measure both financial and non-financial dimensions of the operations, and a balanced scorecard is a strategic management accounting tool. Nature of the entity's business: For example, if the entity is a huge retailer having several outlets across the country, there is certain management accounting information that will be key to the operations. Such as inventory management system, cost-volume-profit analysis of each retail outlet, return on investment of each outlet, etc.     Please explain above answer how these…

The Benefits and Costs of Decentralized Decision Making. Centralizing as a Cost-Cutting Approach One of the disadvantages of decentralization discussed in the text is the possibility of increased costs (perhaps because of duplication of effort) that can occur. Some firms have realized this and have centralized certain functions. For example, Pernod Ricard SA (a French beverage company) purchases casks for many of its different products. Initially, casks were purchased separately for each of the brands. However, the company decided to centralize the purchase of casks from a central location in the U.S. The move ...helped the company shave off 2% to 3% of expenses tied to indirect procurement... Other companies that have centralized certain business activities include PayPal, Incorporated and the Royal Bank of Canada. In addition to the savings from centralizing the service function, Many companies also opt to place these hubs offshore in lower-cost countries, which can save 20% to…

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