How are the value chain and management accounting related?

Q: What are the main principles of managerial accounting?

A: Managerial Accounting: Managerial Accounting is the type of accounting that provides financial…

Q: Where does the management accounting function fit into an organization?

A: Management Accounting:

Q: Explain the relationship between the Cost Management System and the Financial Accounting System

A: Point of Differences Financial Accounting System Cost Management System Meaning…

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

A:

Q: identify managerial accounting techniques that have been developed to meet positioning…

A: SOLUTION- Managerial accounting refers to the analysis and presentation of financial data for the…

Q: What is the differences between finacial accounting and managerial accounting ?

A: Financial Accounting v/s Managerial accounting

Q: what is the best design for costing systems? a. to be tailored to the underlying operations of the…

A: Answer: The costing system is the system that controls the cost management and checks if all the…

Q: Distinguish between a cost center, a profit center, and an investment center

A: Definition: Responsibility center: A department or unit of a corporation where the management…

Q: How do management accountants supportstrategic decisions?

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

Q: Explain managerial accounting functions.

A: Managerial accounting: Managerial accounting is the process of identifying, measuring, analyzing,…

Q: What constraints are there within financial and managerial accounting reporting?

A: Managerial accounting:   Managerial accounting is more focused towards analyzing information and…

Q: what type of decision-making process is supported by management accounting

A: Type of decision-making process is supported by management accounting will be explained:

Q: Describe the decision making process in management accounting.

A: The decision-making process includes a series of steps which are followed in making a decision for…

Q: What is meant by the control function of management accounting?

A: Management accounting: It can be defined as the process of preparing reports related to the…

Q: How is managerial accounting useful

A: Introduction: Accounting; Accounting is an art of recording, classifying,  summarizing and…

Q: How an accounting information system can improve the efficiency and effectiveness of the supply…

A: solution:- Introduction:- An information system play vital role in every organization. It is the…

Q: What are the functions of Management Accounting? Explain

A: Management accounting is the one which helps the managers within the company to make decisions and…

Q: Compare and contrast financial and managerial accounting.  In your own words

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Why management accounting practices is important in conducting turnaround program?

A: Accounting is a science of keeping the business record in a regular and most systematic manner, so…

Q: What is the key feature of activity-based responsibility accounting? Briefly explain.

A:

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

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

Q: What is management accounting information used for? taking example

A:

Q: what kind of decision that management accounting is used for?

A: According to Cost and Management Accounts, London, "Management Accounting is concerned with the…

Q: Compare and contrast financial and managerial accounting.      Explain the role of the management…

A:

Q: Distinguish between managerial and financial accounting on Users and decision makers

A:

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…

Q: Who are the focused users/stakeholders of financial accounting and cost accounting?

A: Financial and Cost accounting are the major accounting area in an organization. It will helpful to…

Q: How investment center important in managerial accounting

A: The process of using the financial information the entities' managers in order to make decisions is…

Q: Management accounting can be customized to the specific firm for which the information is being…

A: Management accounting refers to accounting information presented in a manner in which it will be…

Q: a. What are the techniques that are commonly used in Management accounting?

A: Management Accounting :— Management Accounting are also known as cost accounting of Management…

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

A: Responsibility accounting is a means of evaluating the performance of various divisions within an…

Q: what is the diference between managerial and financial accounting information?

A:

Q: What is cost management, and how does it differ from management accounting and cost accounting?

A: Cost accounting and management accounting are two different forms of accounting, that is being…

Q: nt Accounting Techniques?

A: Strategic Management accounting helps in the application of Variable costing techniques in various…

Q: Human Resources Accounting is a tool of management accounting

A: Human Resources Accounting is the accounting of costs incurred relating to recruitment, retention…

Q: Which of the following is one of the difference between management accounting and cost accounting.

A: Difference between management accounting and cost accounting is given below,