What is the significance of managerial economics in Accountancy?

Q: Why is cost estimation an important function in managerial accounting?

A: Cost estimation involves predicting the cost to be incurred for the production of goods and services…

Q: objective of Managerial Accounting?

A: Managerial accounting is the system in which the method of accounting provides such statements or…

Q: What will the manager receive in terms of payment?

A: The fund manger is the one who manages funds. Incentive fee is the fee charged by fund manager when…

Q: How does managerial accounting differ from financial accounting?

A: Accounting: Accounting is an art of collecting, recording, summarizing and presenting the financial…

Q: Explain the concept and scope of Managerial Accounting together with its functions with example.

A: SOLUTION- CONCEPT OF MANAGERIAL ACCOUNTING - IT IS THE PROCESS OF IDENTIFICATION, MEASUREMENT ,…

Q: What are the benefits of budgeting?

A: Budgeting is the process of designing, implementing, and operating budgets. It is the managerial…

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

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Q: Why are leadership skills important to managers?

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Q: Identify some qualitative factors that should be considered when making managerial decisions.

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Q: In Management Accounting, what is the transfer price? What three areas does transfer price affect in…

A: SOLUTION- TRANSFER PRICE- IT IS THE PRICE THAT RELATED PARTIES CHARGED TO EACH OTHER. ON THE OTHER…

Q: How do managers make decisions toimplement strategy?

A: Managers are able to make better decisions to implement strategy with the help of management…

Q: What questions should managers answer when considering outsourcing?

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Q: w important cost center in managerial accounting es

A: Cost centre is very important in the managerial accounting and responsible for tracking expenses and…

Q: Define managerial accounting

A: Accounting has its two branches; managerial accounting and financial accounting. Managerial…

Q: How is managerial accounting useful

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

Q: What are managerial options? Strategic options?

A: Managerial options and strategic options are the options that are used by the organizations to…

Q: Why is knowledge of cost behavior important for managerial decision making? Give an example to…

A: Meaning of Managerial decision making  Every organization have the planned goals which are to be…

Q: What is the nature of cost management and how beneficial it is for the business?

A: Introduction:   Cost management is the process of planning and controlling a business's running…

Q: A distinguishing feature of managerial accounting is

A: Managerial accounting: It can be defined as a branch of accounting that is concerned with the…

Q: What is managerial options?

A: Introduction: Capital budgeting is an investment criterion or decision making mechanism for…

Q: Explain the differences between managerial accounting and financial accounting. (

A: Financial accounting and management accounting are two separate branches of accounting. Financial…

Q: What is the similarities and defference between cost accontant, management accountant and fanincial…

A: Cost accountant deals with ascertainment, allocation, recording and analysis of accounting data. It…

Q: ow Responsibility Accounting important in manageria

A: Managerial accounting is a system or process that collects and organizes financial reports,…

Q: How might managerial incentives affect the analysis of earnings persistence?

A: Analysis of earnings persistence Earning persistence which was indicating that the total earning…

Q: What is meant by the following statement? “Managerial accounting often serves an attention-directing…

A: Managerial accounting:   Management accounting is a practice where by management reports and…

Q: Why does managerial accounting often involve working with numerous predictions and estimates?

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Q: Explain how CVP analysis can be used for managerial planning?

A: Management planning includes various types of analysis to be done on product costs, sales price,…

Q: How does past knowledge of profit and loss impact your perspective on company management?

A: This Question deals with how does past knowledge of profit and loss impact your perspective on…

Q: Explain the meaning of customer value. How is focusing accounting? on customer value changing…

A: Customer Value: Customer value is the ratio between the supposed benefits of customer and the…

Q: How would a knowledge of cost behavior patterns such as those above be of help to a manager in…

A: The question is based on the concept of cost determination and the behaviour in the cost budget. A…

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: Describe the managerial accountant’s role in the decision-making process.

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Q: What is an operational productivity measure and a financial measure?

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Q: Do you think most organizations use one or both managerial and financial accounting? Why?

A: Yes, both managerial and financial accounting is required for an organisation due to the following…

Q: What are some of the importance of financial management to procurement managers?

A: A procurement manager is in charge of sourcing goods and services for their company. Another title…

Q: Explain the meaning of customer value. How is focusing on customer value changing managerial…

A: Customer value: The customers play a wider role in the business. The major business transactions…

Q: the uses of cost information in decision making to managers

A: Cost: It is a value related to the product that determines its purchasing value. A cost, in general,…

Q: What is a managerial accounting

A: Managerial accounting is like a tool to help management in effective planning and control over the…

Q: Why is customer-profitability analysis an important topic to managers?

A: Customer profitability analysis helps management in allocating profitability to each customer, but…

Q: The benefits we get from learning Managerial accounting explain?

A: Management accounting involves identification, analysis, interpretation and communication of cost…

Q: What role do nominal rigidities play in the analysis of business cycle models?

A: The business cycle model shows the fluctuations in a nation's aggregate output and employment over…

Q: Why is knowledge of cost behaviour important for managerial decesion making ? Give an example to…

A: The company's motive will be to increase the profitability. The profitability of the company can be…

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: cost center important in managerial accounting

A: A cost center is a division in an organization that adds cost to the organization. It does not…

Q: How do organizations use pay for performance to motivate managers?

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Q: Explain the role of cost accounting as it relates to financial and managerial accounting

A: The main focus of cost accounting is on cost information and cost control (managerial use), while…