Why should management explain poor performance in technical accounting terms? Only typed solution
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Why should management explain poor performance in technical accounting terms?
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- Which of the following is one of the limitations of Management Accounting?Select one:a. Existence of wide knowledgeb. Simplified approachc. Lack of objectivityd. Free of cost systemWhich of the following is NOT one of the limitations of Management Accounting?Select one:a. Lack of wide knowledgeb. Complicated approachc. Costly systemd. Concerned with the futureWhich of the following statement about management accounting information is incorrect? a. The benefits of providing the information should outweigh the costs. b. It is influenced by organisational structure and size. c. It is only prepared on an ad-hoc basis. d. It is used by senior managers.
- Some of the limitations of management accounting are listed below: - Based on historical data - Lack of wide knowledge - Not a substitute of management - Costly system Select one: True v FalseWhich of the following statements regarding traditional accounting is true? a. Traditional accounting does not provide managers in a JIT setting with timely information. b. The financial orientation allows for effective measuring disparate items. c. Overhead allocations may lead to cost distortions. d. All of the above are true statements. e. A and C are true, but B is not true.Which of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user. Reports produced using management accounting must follow GAAP.
- Why might a manager focused solely on accounting numbers miss opportunities for future benefits?What is the purpose of management accounting?Which of the following is true about designing an accounting−based performance measure? A. Management's beliefs are not required during the analyses. B. The issues considered in each step are independent. C. The decisions made in steps are followed in a hierarchical order. D. Behavioral criteria are important when evaluating the steps
- Do I need any more underlines on this balance sheet or to remove any underlines for proper formatting for a balnce sheet for managerial accounting?How cost accounting is useful where financial accounting could not be answered. Give any exampleto support your answer.Profitability, customer satisfaction, or employee satisfaction are examples of: a. Association b. Data Exploration c. Cause-and-effect d. None of the above
