Name three benefits and two costs of decentralization.

Q: What is undercosting? Explain? Give three examples?

A: Under Costing: Under costing is a state in which the estimated or reported cost of a product is less…

Q: Describe the three different methods to illustrate the Equivalence Calculations?

A: Three different methods that illustrate the Equivalence calculations are shown below: Single…

Q: What are the three major sections of the CAFR?

A: CAFR is basically stands for Comprehensive Annual Financial Report which basically helps in…

Q: Describe the five-step decision-making process?

A: To take decision means to choose the one between so many alternatives. Decision making is a process…

Q: Explain whether the characteristics listed in Table 1 can be met simultaneously or else achieving by…

A:

Q: What are the three most common forms of responsibility centers?

A:

Q: Describe resource dependency theory

A: Resource dependency theory is an important theory in Sociology. This theory helps to study the…

Q: In planning for the acquisition of new technologies, there should be specifically defined goals…

A: Technologies means the software used in company to do the routine work .

Q: Find three key ideas that underpin GAAS and explain why they are so important.

A: Concept: GAAS is generally accepted auditing standards. It is to be followed by the auditors while…

Q: Define Single-step format

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: What is meant by the term activity analysis? Give three criteria for determining whether an activity…

A: Activity analysis: It is the complete classification and description of the activities performed in…

Q: List the four types of responsibility centers, and briefly describe each.

A: Types of Responsibility centers: 1) Cost Center 2) Revenue Center 3) Profit Center 4) Investment…

Q: Define single-project evaluation,

A: SOLUTION:- Single Project Evaluation is the systematic and objective study of the single ongoing or…

Q: Describe the benefits of decentralization.

A:

Q: What are the three major OE/S processes and what are the subsidary processes of  each major process?

A:

Q: Explain partitioning the IRR?

A: IRR partition tool is an important tool in finance. This tool is a very suitable if one wants to…

Q: Briefly explain the following by providing the meaning of the concept and list 2 benefits for each…

A: The Financial Accounting Rules Board publishes a collection of accounting principles, standards, and…

Q: Explain three common approaches of system cutover. Also describe their advantages and disadvantages.

A: System cutover:   System cutover is defined as the conversion of data from old systems to the new…

Q: Direction: Give at least three (3) differences of IFRS for SMEs and Full IFRS EXPLAIN

A: SOLUTION- INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)-  ITS IS A SET OF RULES AND GUIDELINES…

Q: Distinguish between the two-tier and three-tier client-server models. Describe when each would be…

A:

Q: Define the term effective rate.

A: The effective rate is the real return on a savings account or any interest-paying investment when…

Q: Describe the three-tier client-server model.

A: Client-Server Model: A client-server model can be defined as the architecture of distributed…

Q: Describe four signs that help indicate when ABC systems are likely to provide the most benefits.

A: Activity based costing is one of the methods of costing to identify the activities performed to…

Q: Usually, which outweighs the other in decentralization—advantages or disadvantages?

A:

Q: Describe the three methods that managers can use to express CVP relationships?

A: CVP relationships means Cost volume profit relationship. It is a analysis used by management to…

Q: Define OEM and EOM? Give three differences between them?

A: Original Equipment Manufacturer (OEM):An original equipment manufacturer is referred to as a company…

Q: What three types of objectives are the focus of internalcontrol?

A: Definition: Internal Control is a procedure that provides reasonable assurance that material…

Q: What are three tasks of the fixed asset system?

A:

Q: Describe the evaluation techniques to consider multiple projects that are mutually exclusive?

A: Following are the evaluation techniques to consider multiple projects that are mutually exclusive:…

Q: What are two approaches to conceptual systems design?

A: Conceptual Design:   Conceptual design is that structure which provides various conceptual system…

Q: Explain LIFO method and list three advantages of LIFO method?

A: The inventory in the business can be valued using various methods as LIFO, FIFO and weighted average…

Q: Name two items classified as prevention costs.

A:

Q: Explain the objectives of FIFO method.

A: First-in-First-Out: In First-in-First-Out method, the costs of the initially purchased items are…

Q: Describe about the four enhancing qualitative characteristics?

A: The following are the four fundamental qualitative characteristics of accounting information:…

Q: Explain three types of experimental research design, with a practical example

A: The types of experimental analysis styles are determined by the approach the research worker assigns…

Q: Give three examples of application controls.

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: What are the three types of enterprise?

A: Enterprise is a project, or willingness to take a new project, or business venture, or an…

Q: Briefly explain five basic conditions a scheme of reconstruction must fulfill.

A: Scheme of reconstruction: A Court approved an agreement between a corporation and its shareholder is…

Q: Please answer performance measurements allocation

A: Activity based costing system: It is precise method of allocation of overhead to the products. Under…

Q: Explain the term single rate method.

A:

Q: Define the term opportunity cost, and give an example of one.

A: Opportunity cost: It is the benefit which is foregone by choosing next best alternative. In mutually…