Responsibility reports are used for

Q: Explain consistency concept.

A: Consistency: Consistency principle emphasizes that companies should adhere to same accounting…

Q: .Dress Code is an example of O A. Policy OB. Procedure O C. Strategy O D. Performance Standards

A: A dress code refers to a set of guidelines or rules that dictate the appropriate attire to be worn…

Q: Please provide the Units of Activity Method

A: Units of Activity Method:To record depreciation expense using the units of activity method, we need…

Q: Identify the following users as either an internal (I) or an external (E) user. Human resources…

A: “As only one item is given in the question, it is assumed this particular answer is asked by the…

Q: What are the importance of setting service standards

A: Service standards are important for potential customers, prospective consumers, staff, and…

Q: What can be understood from “Segment Reporting"?

A: Financial reporting:   It refers to the disclosure of financial results of an organization for a…

Q: Define the term service company.

A: A service company is a business that generates income by providing services instead of selling…

Q: Discuss decision making process in organization

A: Decision-making is the process by which an individual or group analyzes options and solutions to…

Q: Describe the benefits of internal control report.

A: Internal Control Report:   An internal control report is the end result of the conducting an…

Q: explain the requirements for segment reporting, and calculate and interpret segmentratios;

A: Definition: Segment reporting: Segment reporting refers to the process of preparing accounting…

Q: Define the term performance obligations.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What's control account?

A: Accounting means the summarizing, recording and analyzing of the all business transaction during a…

Q: of Quality Function Deployment.

A: Given: To evaluate an example of QFD as,

Q: describe motivations that might cause management to issue fi nancial reports that are nothigh…

A: The reports that are prepared by the management of to represent the financial performance of a…

Q: Explain the differences between planning, directing, and controlling.

A: Planning: It means thinking in advance what to do, when to do and how the actions would take place…

Q: Define outsourcing.

A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…

Q: Explain Management’s discussion and analysis.

A:

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: What is the suggested order for carrying out tasks using an ABC system?

A: The ABC system is a way of allocating indirect costs and overheads like salaries and utilities to…

Q: Define the term operating activities.

A: Operating activities are the functions of a business directly related to providing its goods and/or…

Q: Define technical analysts

A: Technical analysis refers to analysis that is conducted for analyzing the various types of…

Q: Explain the concept of active management.

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