What are unit-level activities?

Q: What constitutes a dicontinued operations.?

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

Q: What primary activities does the B/AR/CR process perform?  Explain each activity.

A: Given, What primary activities does the B/AR/CR process perform?

Q: What are unit-level, batch-level, product-level, customer-level, and organization-sustaining…

A: ABC method: ABC method is activity based cost accounting. It's the new method of accounting where…

Q: Discuss how conceptual and physical systems differ and which functions are responsible for each of…

A: Accounting Information System: The accounting information system refers to a system which helps in…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: What is the difference between a blended component unit and a discretely presented component unit?

A: Governmental Funds Governmental Funds are used in the state and local government organizations…

Q: Explain principal (agency relationships)

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal approves agent to…

Q: What are the major functions performed by the OE/S process?  Explain each functions.

A: Order-to-cash process or revenue process is the process undertaken for making sales and receiving…

Q: Define statement of operations.

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

Q: Function of human resources management

A: Solution- Human resource management (HRM) is nothing but managing human resources. it's the policies…

Q: What are the objectives of application controls?

A: An application control consists of compactness and validity checks, identification, authentication,…

Q: Describe about the Enterprise Resource Planning. What are its objectives?

A: Enterprise Resource Planning:   It refers to a framework within an organization where the management…

Q: Define the term internal users.

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

Q: How do you think the "organizer of activity"?

A: The question seems confusing. Therefore, I am answering the following terms: Organized activity…

Q: What are the primary reasons for separating operational tasks?

A: Operational Tasks: Operational tasks refer to those tasks that are performed on a regular basis in…

Q: Please differentiate between centralized and decentralized operations.

A:

Q: What are the levels of data hierarchy?

A: Accounting Information System:   This refers to a system that is adopted by an organization to…

Q: What is discretionary reporting?

A:

Q: What is a segment of an organization? Give several examples of segments.

A: A segment is a subsection of an organization It can be any part or activity of the organization,…

Q: What are the three phases of the departmental allocation approach? What happens at each phase?

A: The Departmental cost allocation is an accumulation of departmental operating costs. This strategy…

Q: What are operational assets? Give example?

A: Operational assets: Operational assets are those assets acquired for use in the day to day…

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

A:

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: What is a reportable operating segment?

A: Operating segment is a segment of a company which can generate its own revenue and has its own…

Q: What are the major functions performed by the OE/S process?  Explain each function.

A:

Q: What are special allocations?

A: Introduction: Special allocation for a business is considered as distributing profits and losses…

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: What is meant by the term decentralization?

A: Decision-making process:Decision making can be defined as the process of making choices through the…

Q: Define the term external users.

A: An external user is a person outside of an organization who does not directly run its operations and…

Q: what is Reference control ?

A: I assumed as a question, as what is meant by the reference  to cost control?

Q: What role does the general ledger department play in the conversion cycle?

A: Conversion Cycle: A set of all processes that are used to collect inputs and convert them into final…

Q: Define collection policy

A: Introduction: A mutual responsibility between the operating departments, accounts receivables is to…

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: What are the levels of operations performance?

A: There are three levels of operations performance is as follows: Societal level: Social activity is…

Q: What is organization structure?

A: Organisation structure is a system used to define a hierarchy within an organization. It identifies…

Q: What does operating activities includes?

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Define agency cost or problem

A: Agency problem is that problem which is a conflict of interest in a relationship where one side…

Q: Explain how the formalization of tasks promotes internal control.

A: Internal Control: Internal control involves the norms and standards followed by a company to…

Q: Which information is presented by an organization chart?

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