How should a company determine operating segments when it organizes business activities in more than one way and the chief operating decision maker uses multiple sets of reports?

Q: Which statement regarding management accounting is true ? Select one: O a. Management accounts are…

A: Management accounting is the process by which useful information about the business operations is…

Q: GENERAL LEDGER/REPORTING SYSTEM. Please explain how each cycles in the business process/transaction…

A: General Ledger Reporting system The preparation of the general Ledger is one of the important…

Q: What is accounting's role in a company?

A: The companies are run by the stakeholders' to earn the profits. The company hires the employees to…

Q: Give an example of how financial statements can be used internally by themanagers of a company.

A: Answer: Financing statements help companies to understand the financial health and are used for…

Q: Describe how accounting is used to track and monitor an organization's primary business operations.

A: Accounting can be categorized into different types like financial, managerial and cost accounting.…

Q: Describe a company's accounting system. Why is this function significant and what does it do? What…

A: Every company involved in carrying out business transactions is required to keep a proper record of…

Q: Managerial accounting provide information for decision making, planning, and controlling an…

A: Managerial accounting is more of a goal focused and provides to the management of the company with…

Q: Identify three ways that accounting systems help align thegoals of employees and the goals of the…

A: Accounting information: Accounting information is used in business measurement, performance…

Q: Why is a company's accounting cycle so important? It is necessary to provide instances of why…

A: The financial accounting cycle of a firm refers to the whole process of recording and processing the…

Q: Distinguish between managerial and financial accounting in terms of the key consumers of their…

A: Introduction : When a company's transactions and economic activity throughout time are recorded and…

Q: Which of the following would not be considered internal users of accounting data for a company? a.…

A: The company produces accounting data in the form of financial reports and related disclosures. There…

Q: Focus on a certain section or sector of the firm" How would management accounting and financial…

A: Introduction : Segmenting a company may be accomplished in various ways, including geographically,…

Q: How do an organization's business activities and lines of business impact the process of designing…

A: Answer: Solution Concept Accounting information system               The term accounting information…

Q: The documents which sets out basic rules for how a company is to run?

A: A company's constitution is a written text that lays down the laws that regulate it. It also…

Q: What impact do a company's activities and business sectors have on the accounting information system…

A: Accounting in the modern environment is done with the help of computers. As businesses are expanding…

Q: Distinguish  between Managerial Accounting and Financial Accounting with respect to the primary…

A: The process of recording, summarising, and reporting to the public or regulators the flow of…

Q: Analyze and explain how accounting is used in business operations to track and monitor economic…

A: Accounting may be described simply as the skill of recording a business's financial transactions.

Q: Choose the correct. Which of the following statements is true for a company that has managers…

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: mpany uses Strategic Management Accounting Techniques?

A: Strategic management accounting identified as a generic approach to accountiing for strategic…

Q: How do a company's operations and lines of business affect the architecture of its accounting…

A: SOLUTION  AN ACCOUNTING INFORMATION SYSTEM IS A SYSTEM OF COLLECTING , STORING AND PROCESSING…

Q: Define segments and explain how defining segments within a company can help with management. Define

A: Define segments and explain how segmenting a business can help with management. a Establishing an…

Q: A central issue in reporting on industry segments of a business enterprise is the determination of…

A: Segment Reporting Generally given as disclosure in the financial statements. Reporting in financial…

Q: different forms of business organization and the activities performed by each

A: Different forms of Business Organisation and the activities performed by each are discussed…

Q: A simple way of showing or visualizing how activities and individuals are organized within a…

A:

Q: measuring, analyzing, and communicating financial nformation needed by management to plan, evaluate,…

A: Reasons along with answers are given below.

Q: Accounting is an information and measurement system that identifies, records and communicates an…

A: Accounting are often outlined because the method of recording, classifying, summarising the money…

Q: Accounting designed to meet the needs of decision-makers inside the business is referred to as…

A: Lets understand the meaning of management accounting. It is a type of accounting designed to meet…

Q: Internal accounting information is used primarily for internal decision making by an…

A: a.

Q: How many steps are there within the Business Operation Cycle

A: This operating cycle is necessary to estimate the working capital of the company. Working capital is…

Q: What are some of the applications that management may make of accounting data pertaining to the…

A: How are Responsibility Centers Defined: Generally, a business has been divided into numerous…

Q: How do the business processes and lines of business of a company influence the design of its…

A: The business processes and lines of business of a company influence the design of its accounting…

Q: Summarize the roles of individual/position (Organizational structure) involve in the decision making…

A: A successful firm is built on the duties and responsibilities of its employees. As the company's…

Q: Why is the accounting cycle critical to a business's success? (examples of why certain actions are…

A: Answer: Accounting cycle can be defined as the whole procedure that is run for any business to…

Q: Managerial accounting information pertains to subunits of the business and is highly aggregated.

A: Step 1 Hello. Since your question has multiple parts, we will solve first question for you. If you…

Q: Management accounting emphasizes on the roles of reporting for internal users. Discuss.

A: Management accounting is one of the branch of accounting in which decisions are being made on the…

Q: Describe accounting's internal role inside a business's internal operations and processes. What is…

A: A method of communicating financial data to users such as investors, people, or the government.…

Q: What are the four levels of activity in the pyramid representing the business organization?…

A: Business:   Business can be defined as a work that includes exchange or production of goods and…

Q: Discuss the factors that influence the MAPs of companies and the effects of MAPs on firms. The…

A: Management accounting: The act of distinguishing, investigating, , measuring, interpreting, and…

Q: Which of the following adequately describes Management Accounting? It is the process of identifying,…

A: Solution Concept Financial accounting               The accounting that is done for the purpose of…

Q: How do an organization's business activities and lines of business impact the design of an…

A: Accounting Information System(AIS) collects, records, stores, and processes accounting and other…

Q: How do an organization's business processes and lines of business affect the design of its…

A: AIS stands for Accounting information system is defined as the business structure that uses to…