What role Do accountants play in decision making? 1. Cost reduction 2. Implementing and managing controls B. Managing risk and forecosting
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Explain the three terms how managmnt accountant play these role in organization or department futher you want to add more you can
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- Which of the following is true about designing an accounting−based performance measure? A. Management's beliefs are not required during the analyses. B. The issues considered in each step are independent. C. The decisions made in steps are followed in a hierarchical order. D. Behavioral criteria are important when evaluating the stepsIn your own understanding, please answer the following: 1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization? 2. Explain briefly how do you understand the concept of Cost of Good Sold.With the aid of relevant examples ,explainthe following management accounting concepts A.theory of constraints B.total quality management C. Just in time
- discuss how to solve the problem of lack of technology in strategic management accounting.Which of the following is one of the limitations of Management Accounting?Select one:a. Existence of wide knowledgeb. Simplified approachc. Lack of objectivityd. Free of cost system1. Discuss the difficulties in using breakeven analysis by managers in decision-making.
- Management accountants help the management of an organization in their planning function through ________.A. monitoring anti-theft systemsB. strategic planningC. evaluating costsD. analyzing profitshow does the accounting process help address issues caused by information asymmetry? What is information asymmetry? Make an analysis of a simple project that you can handle using the Problem Tree? Identifythe stakeholders that will handle the project. In support of your problem tree, what will be your objective tree? what is accounting? what are the accounting process? what is policy? how to formulate policy? circular flow model what is project management?Preparing performance reports that contain data only about items that a specific manager controls is an example of which of the following? A. Financial reporting B. Learning and innovation C. Management by exception D. Responsibility accounting
- This is about the NTT organization 1.What are the core problems with NTT’s organizational structure, leading to its challenges? 2.Make 1 suggestion on how to improve NTT’s organizational structure/situation?8. ______________ is a professional service with an aim of improving the quality and transparency of information, to reduce the chance of problems occurring from incorrect information. a. Agency b. Accounting c. Assurance d. CostingThe two primary qualities that make accounting information useful for decision making are: comparability and consistency. materiality and timeliness. relevance and reliability. reliability and comparability. Information is neutral if it: provides benefits which are at least equal to the costs of its preparation. can be compared with similar information about an enterprise at other points in time. would have no impact on a decision maker. d. is free from bias toward a predetermined result.