Why is it important for logistics and procurement managers to have knowledge in financial management?

Q: Manufacturing Accounting is different from Financial Accounting...what is the  nature and purpose of…

A: Departmental accounting is system of bookkeeping where the transactions of all the departments…

Q: What are the roles played by accountants with respect to the information system?

A: Information system is the collection of people, Network, process and system that help the…

Q: business manage

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: examine the financial management function of manufacturing companies and demonstrate the essence of…

A: Financial management involves activities like planning, executing, and directing people and…

Q: What is the essence of sound financial management to the procurement manager.

A: Financial management  Financial management includes using the planning function, organizing…

Q: Explain the relationship between the Cost Management System and the Financial Accounting System

A: Point of Differences Financial Accounting System Cost Management System Meaning…

Q: How can the tools in assessing accounting quality assist financial analyst

A: The value of financial accounting is primarily defined only by its quality. The core premise of…

Q: What is the differences between finacial accounting and managerial accounting ?

A: Financial Accounting v/s Managerial accounting

Q: financial management

A: Finance is a key element in the organization. We need finance for managing our day-to-day operations…

Q: An ethical problem may arise for a company expert who is trying to address the needs of people who…

A: A professional in the public eye have a duty to verify his clients' legitimacy. A public…

Q: t is the connection between the Accounting & Finance Process and the Accounting & Finance Modules in…

A: Accounting:     "A formal process of measuriing the events into money  terms and recording,…

Q: Why is financial management important to an organization?

A: Financial Management: Financial management relates to the strategic preparation, organizing,…

Q: What is the difference between a financial accounting information system and a cost management…

A: Financial accounting and Cost accounting are two different systems in accounting, which are used for…

Q: What constraints are there within financial and managerial accounting reporting?

A: Managerial accounting:   Managerial accounting is more focused towards analyzing information and…

Q: What is meant by the control function of management accounting?

A: Management accounting: It can be defined as the process of preparing reports related to the…

Q: How does budgeting help management coordinate and plan business activities?

A:

Q: Why is it important for Logistics and Procurement Managers to have knowledge in Financial Management…

A: LOGISTIC AND PROCUREMENT MANAGERS HAVING KNOWLEDGE OF FINANCIAL MANAGEMENT ARE VERY MUCH BENEFICIAL…

Q: ow does financial and managerial accounting impacts in the business world?

A: Financial accounting is the process of preparing financial statements that businesses use to…

Q: Using a case company of your choice and with relevant examples, examine its financial management…

A: Financial management involves activities like planning, executing, and directing people and…

Q: What is management accounting information used for? taking example

A:

Q: what kind of decision that management accounting is used for?

A: According to Cost and Management Accounts, London, "Management Accounting is concerned with the…

Q: Compare and contrast financial and managerial accounting.      Explain the role of the management…

A:

Q: Using a case study and with relevant examples, examine  financial management function and…

A: The question is based on the concept of business finance.

Q: “Communication financial results and positions to external parties”. Is it not a primary function of…

A: Management Accounting:

Q: What type of accounting information might be useful to the marketing managers of a business?

A: Meaning of Accounting Information Accounting Information is the information related to all the…

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: Management accounting can be customized to the specific firm for which the information is being…

A: Management accounting refers to accounting information presented in a manner in which it will be…

Q: Management accounting emphasizes on the roles of reporting for internal users. Discuss.

A: Management accounting is one of the branch of accounting in which decisions are being made on the…

Q: How do the various functional departments of an organization use financial planning (i.e. marketing,…

A: Financial planning can be defined as the process of evaluation of the current profitability,…

Q: explain why financial management is a difficult task within an organisation, and give examples as…

A: For any company or organization financial management remains one of the most important and vital…

Q: what is the diference between managerial and financial accounting information?

A:

Q: what similarities do management and financial accounting have?

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: What are the major differences between financial accounting and managerial accounting?

A: Financial AccountingFinancial accounting is the process of recording all the transactions which are…

Q: Using a case company of your choice and with relevant examples, examine its financial management…

A: company- WALMART Committee Authority and Responsibilities: The basic responsibility of the members…

Q: Why is credit approval an important part of the revenue cycle? And Why should accountants…

A: A cycle indicating a set of business activities and its information processing operations that…

Q: Discuss the relationship between Management Accounting and Financial Accounting

A: Accounting comprises of processes that allow access to critical information that aids in…

Q: what are some general management accounting issues?

A: Accounting is the language of business. It the art of recording the business transactions and…