The plans of management are expressed formally in ________________________.

Q: re: a. Internal (management) O a. h ytornal users

A: Managerial Accounting : It is the process of identifying, measuring, analysing, interpretating and…

Q: Identify the following users as either external users (E) or internal users (I). Managers

A: Definition: Users of information: Users of information can be classified as internal and external…

Q: Define Account class exercise

A: Account class is the term used in the accounting software where there is need to classify customer…

Q: List two ways managers can use ABM to make decisions.

A:

Q: Identify the following users as either an internal (I) or an external (E) user. Human resources…

A: “As only one item is given in the question, it is assumed this particular answer is asked by the…

Q: What is meant by the phrase management by exception?

A:

Q: Which method you would advise the management to use and why?

A: Inventory refers to finished goods ready for sale or the goods which are used in production process.…

Q: What does the process of providing this information to external users is called? Describe about it…

A: Financial Reporting System:   It refers to monitoring the financial resources of an organization as…

Q: How should managers estimate and interpretcost information?

A: Cost: It refers to the economic value incurred by a company to produce a product or deliver a…

Q: Discuss the diffences between internal and external users of ingormation and their needs and demands…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: Define statement of operations.

A: Financial statements of an organization includes income statement, balance sheet and cash flow…

Q: The document which sets out basic rules for how a compay is to run?

A: Every company operating as a limited liabilities corporation, partnership firm, or public company…

Q: What is the purpose of a responsibility center file?

A: Definition: Responsibility center file: The departments of the organization are generally referred…

Q: What kind of graph can help decision making in management accountin? It would be if there are some…

A: The graphs are often considered statistical tools, however, in almost all fields, they are used as…

Q: Define the term internal users.

A: Internal users are people within a business organization who use financial information. Examples of…

Q: Briefly describe the key elements of an operating plan

A: An operational plan is an everyday objective planned to achieve the decisions made in the strategic…

Q: What activities and responsibilities are not associated with management's functions? a. Planning b.…

A: Financial statements are statements which states the business activities performed by the company .…

Q: What is activity based management? Why is it important? taking example

A: Activity based management:Activity based management is the process of applying activity-based costs…

Q: Identify the following users as either external users (E) or internal users (I). Directors

A: Users of information: Users of information can be classified as internal and external users.…

Q: Explain an example of internal users.

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

Q: Discuss the rules for linking events to resources and agents in an REA diagram.

A: REA Diagram: REA diagram is a technique which is used to establish the relationship between…

Q: Define management by exception.

A: Management by exceptions: Management by exceptions determines that the managers should not focus if…

Q: internal control principle that is applicable to each procedure.

A: Internal control principles are the set of standards to be adhered to while implementing controls in…

Q: What is management’s primary objective?

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

Q: Explain an example of internal events.

A: An Accounting event is a transaction that is recorded in the books of accounts of the company. There…

Q: What is the suggested order for carrying out tasks using an ABC system?

A: The ABC system is a way of allocating indirect costs and overheads like salaries and utilities to…

Q: Discuss the difference between the Management Letter and the Legal Representation Letter

A: Definition: Auditing: In auditing, auditors verify the correctness and fair presentation of…

Q: Write down the characteristics that defines operating segments.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: what is the difference between internal and external users of information, their needs and demands…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: How are management’s actions incorporated in EVA and MVA? How are EVA and MVAinterconnected?

A: Economic added value (EVA) is a measured cash-deductible reduction of capital costs of a firm's…

Q: Role of a Director

A: The director of a company is the person that manages the company on behalf of its shareholders.

Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: What are the operating activities? Give some examples?

A: The statement of cash flows is the statement which shows the change in the cash and cash equivalents…

Q: merits and demerits of organizational structure

A: Organizational structure is a structure that defines the flow of activities within the organization.…

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: What are the two dimensions of the activity-based management model?How do they differ?

A: Activity based costing is a type of costing method which allocate indirect cost based on their…

Q: Give example of the relationship between a Human Resource Information System and MIS.

A: Human Resource Information System (HRIS) refers to the system of collecting, recording, classifying,…

Q: What is the purpose of a responsibility accounting system?

A: Responsibility accounting system: the responsibility accounting system is an internal system that…

Q: Explain how a Requirements Breakdown Structure (RBS) is typically constructed. What information does…

A: Necessities are conditions or assignments that should be tended to and finished to be acknowledged…

Q: What is a management control system?

A: Management control system:

Q: What are two examples of the types of management issues that can be addressed by cvp analysis?

A: CVP or Cost-volume-profit analysis is a cost accounting method of analysing the effect of cost and…

Q: Which of the following is the operative function of HRM? O a. Compensation O b. Organizing O C.…

A: HRM means the human resource management. This department deals with the human resources of the…

Q: Which information is presented by an organization chart?

A: organisation chart is basically the information bulletin of all the functional departments in an…

Q: Describe management’s discussion and analysis (MD&A).

A: Management of the organisation is required to prepare Management discussion and Analysis (MD&A)…

Q: Discuss management responsibilities.

A: