FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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the course tittle of this assignment from is:- Advanced cost and Management
1. Explain and Give examples of Ethical values and principles in
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- Which of the following is defined as comparing actual performance to planned performance and determining whether corrective action is needed? OA. Training OB. Organizing OC. Performance forecast OD. Directing OE. Evaluatingarrow_forwardGive one importance of the following in strategic cost management: (i) Business environment, (ii) Manufacturing technologies, (iii) Growth of Service industry, (iv) Customer orientation, (v) Advances in information technology.arrow_forwardAccording to the systems view, what is the primary objective of training? Select one: a. Altering the behaviour of employees to improve the company performance O b. Helping employees to improve individual performance Oc. Educating employees to increase the company performance O d. Preparing employees for a broader role to increase the company performancearrow_forward
- . It is an important use of managerial accounting a. determine direct cost by adding direct materials b. understand customer orientation c. recast budgeted statements according to a situation d. change variables of risk internally and externallyarrow_forwardManagement is to forecast, to plan, to organize, to direct, to coordinate & to command other activities. Who gave this definition of Management? a. F.W. Taylor b. Robert L c. Henri Fayol d. Harold Karrow_forwardWrite a report about the relevance of managerial accounting in practical use.arrow_forward
- Management accountants are generally responsible for: Select one: O A. Detailed financial planning OB. Identifying problems within the business firm by way of variances O C. Designing and modifying the business' accounting information system O D. All of the abovearrow_forwardWhich of the following statements about responsibility accounting are correct? Select one: a. Responsibility accounting systems differ widely across organizations. b. The structure for accumulating cost information generally mirrors the structure for accumulating responsibility center information. c. Responsibility accounting is the primary responsibility of accounting staff.arrow_forwardManagerial accounting is often reffered as accounting for internal users of information. true or false?arrow_forward
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