describe the connection between the management process planning, feedback, controlling? take an example

Q: Identify the following users as either external users (E) or internal users (I). Managers

A: Definition: Users of information: Users of information can be classified as internal and external…

Q: List two ways managers can use ABM to make decisions.

A:

Q: techniques used in management accounting.

A: Budgeting is the tool of management accounting to forecast future operational revenues, costs and…

Q: how do management control systems contribute to i) Cost Management i) Planning and Control iI)…

A: A management Control system may be defined as an oraganizational framework under which an…

Q: describe the connection between the management process planning, feedback, controlling

A:

Q: How should managers estimate and interpretcost information?

A: Cost: It refers to the economic value incurred by a company to produce a product or deliver a…

Q: The plans of management are expressed formally in ________________________.

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: The Role of Perfomance Management Techniques in improving Organizational Performance

A: Performance management techniques refers to the mechanism which is used for tracking the performance…

Q: Describe the relationship between capacity planning and location and their importance nto the…

A: Capacity planning and location decisions are critical to the organization's effective and smooth…

Q: Explain the role of benchmarking in evaluating managers.

A: Performance evaluation:   Performance evaluation refers to the process of assessing how an…

Q: Function of human resources management

A: Solution- Human resource management (HRM) is nothing but managing human resources. it's the policies…

Q: What is the purpose of a responsibility center file?

A: Definition: Responsibility center file: The departments of the organization are generally referred…

Q: Describe about the Enterprise Resource Planning. What are its objectives?

A: Enterprise Resource Planning:   It refers to a framework within an organization where the management…

Q: What is activity based management? Why is it important? taking example

A: Activity based management:Activity based management is the process of applying activity-based costs…

Q: Describe management's discussion and analysis.

A: Management's discussion and analysis: Management discussion and analysis is the portion of company…

Q: Distinguish between the centralized and distributed approaches to organizing the IT function.

A:

Q: What is a management comments letter and what is the significance of this letter

A: A management letter is a letter which is prepared by an auditor that discusses the findings and…

Q: What is a responsibility center?

A: Responsibility center: Responsibility centers are the segment of an organization which is authorized…

Q: What is value-based management and how is it used?

A: The company finds the value of the company by discounting the cash flows occurring in the future.…

Q: That event of management's desired objectives is an example of:

A: Efficiency: Efficiency is the ability to accomplish the result with the usage of the least amount of…

Q: How does Incremental Analysis assist Management in decision making?

A: The financial information needed for decision-making is analyzed using incremental analysis or…

Q: Explain the Role of Perfomance Management Techniques in improving Organizational Performance.

A: The Role of Performance Management Techniques in improving Organizational Performance are discussed…

Q: What is strategic management.

A: For organisation to achieve its goal by making proper decisions , anticipating changes and directing…

Q: Explain Management’s discussion and analysis.

A:

Q: What is management’s primary objective?

A: The primary objective of the management is Shareholders wealth maximization which is a long-term…

Q: Explain how CVP analysis can be used for managerial planning?

A: Management planning includes various types of analysis to be done on product costs, sales price,…

Q: When ,___________________________ managers mobilize people to carry out plans and run…

A: Managerial Accounting:  Managerial accounting refers to the internal accounting system that gives…

Q: Describe the connection between planning feedback, and controlling.

A: The management of the company is the main responsible for preparing the financial statements which…

Q: 1. Explain the Diagram provided below base on your understanding of the concepts of Auditing. thank…

A: The management of the company is responsible for preparing the financial statements, which may…

Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: What is the organizational culture at SSS?

A: It is the responsibility of the state to establish and promote viable and correct tax system…

Q: (a) Explain the terms 'control objectives' and 'control procedures' and explain the relationship…

A: huhn

Q: Describe the three methods that managers can use to express CVP relationships?

A: CVP relationships means Cost volume profit relationship. It is a analysis used by management to…

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: Differentiate management control from joint control.

A: Control refers to the authority to make important decisions and rule other important activities of…

Q: Feedback from the control function helps managers compare actual results with planned results and…

A: Business wants to grow and check the progress every-time and for that the comparison is necessary to…

Q: 1. Explain the Diagram provided below base on your understanding of the concepts of Auditing.…

A: Auditing means to check the actual facts and figure on the financial statements as per the standards…

Q: Define a management control system and identify the issues involved with the design of a successful…

A: Management:   It is a set of activities likes planning, organizing, controlling the human resources…

Q: Can services be delivered by means of process operations? Support your answer with an example.

A: Process Costing: Process costing is a method of cost accounting in which all the costs that are…

Q: Management is to forecast, to plan, to organize, to direct, to coordinate & to command other…

A: Answer

Q: What does stewardship mean and what is its role in an information system?

A: Definition: Accounting information system: The system which helps to gather, store, and process the…

Q: What are two examples of the types of management issues that can be addressed by cvp analysis?

A: CVP or Cost-volume-profit analysis is a cost accounting method of analysing the effect of cost and…

Q: Draw the sketch of the management Accounting control system. What type of considerations are…

A: The administrative devices that firms use to control their managers and staff are referred to as…

Q: Management Accounting System and The Management Information System are the same?

A: Management info systems is additionally referred to as PC info systems, business info systems, or…

Q: Explain how the formalization of tasks promotes internal control.

A: Internal Control: Internal control involves the norms and standards followed by a company to…

Q: Explain how managers use CVP analysis in decision making

A: Full for of CVP is Cost- Volume- Profit Analysis. It is that method of cost accounting that studies…

Q: Discuss management responsibilities.

A: