Describe a strategic-based responsibility accounting system. How does it differ fromactivity-based responsibility accounting?

Q: Describe in detail the characteristics of managerial accounting.

A: Solution Managerial accounting is that part of accounting that deals with quality of information. It…

Q: what accounting method will be used to evaluate each of the responsibility centers?

A: Responsibility accounting: Responsibility accounting refers to the various tool used by managerial…

Q: Why Balancesheet is important for the organisation?

A: In simple terms, a balance sheet is like a "financial photograph" of a company's health and…

Q: How does the external analysis affect other components of the strategic management process?

A: Setting objectives, examining the competitive environment, studying the internal organization,…

Q: Discuss how management accounting fits into an organization’s structure

A: Staff managers provide support services to the line managers. Staff managers are specialists that…

Q: How does management accounting fit into an organization's organizational structure?

A: This question explains about the management accounting fit into an organization's organizational…

Q: . What are the three principle objectives of cost accounting system?

A: Cost accounting system is a system in which all the costs related to manufacturing, selliing the…

Q: What can be understood from the term Accounting diversity?

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

Q: Is the value chain in a managerial accounting a tool that primarily assists in the valuation of…

A:

Q: what is the impact of ‘creative accounting’ techniques when making strategic decisions?

A: Answer:-  Accounting meaning:- The measurement, processing and sharing of financial and other vital…

Q: Some of the things that are the responsibility of the operational sector are capacity planning.…

A: Capacity planning refers to a process for determining whether the production resources like…

Q: Identify the trends impacting management accounting and discuss the implications for management…

A: The objective of the question is to identify the current trends that are impacting management…

Q: Discuss the role of profit plan in implementing strategy.

A: Strategy: It is a plan of action that is framed to achieve the organizational overall goals.

Q: How do managers make decisions toimplement strategy?

A: Managers are able to make better decisions to implement strategy with the help of management…

Q: How do management accountants supportstrategic decisions?

A: Management Accounting: Management accounting is a branch of accounting that is aimed at providing…

Q: How can management accountants assist in strategic decision-making

A: Management accounting differs from financial accounting since it is more focused on providing inputs…

Q: What is the relationship among motivation, goal congruence, and effort?

A:

Q: What is the primary purpose of a cost center? A) To generate revenue B) To control cost C) To manage…

A: In a centralized environment, control moves from task control to results control. In a task control…

Q: What is the purpose of the Management’s Discussion and Analysis?

A: Management Accounting:   It refers to using the financial information of the organization for…

Q: What guidelines do management accountants use?

A: The answer:

Q: How does management accounting helps in planning and control

A: Management accounting plays a crucial role in planning and control within an organization in the…

Q: Non financial measures are related to elements of result control Select one: O a. Market condition O…

A: Non financial measures are helpful in providing information on a company's performance in non…

Q: Differentaiate between “quantitative factors” and “qualitative factors” in the study of management…

A: Management accounting is a type of accounting that's used by managers in a company. This includes…

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: Describe the relationship between business objectives and stakeholders interest.

A: Each business has certain objectives most common are maximize wealth and achieve growth but that is…

Q: The trend in financial management is to treat expenditure on human resource as ____ a. as expense b.…

A: The answer and explanation can be seen below:

Q: What is management’s primary objective?

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

Q: Understand how management accounting fits into an organization’s structure

A: Management accounting:  Management accounting measures, analyses, and reports both financial and…

Q: Explain four types of standard in Performance Management Accounting.

A: performance management standard or those standard that has been set up by the regulating body to…

Q: What challenges managers faced when implementing strategic management accounting approach?

A: Strategic management accounting means analysis of financial information for use by management for…