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Which of the following words DOES NOT describe a main focus of management accounting? A. Planning B. Control C. External D. Decision-making
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C. External
what is the meaning of project report?
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The project report is an essential tool available with management for proper monitoring of operations and helps them in recognizing any problems. Managers through project reports are able to estimate all costs of operations and possible profitability of the proposed project.
What is Cost of MBA in UK in Indian Rupees?
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Cost of MBA in the UK Institution Duration Exams Accepted Course Fee University of Oxford 1 year GMAT, GRE INR 58.1 Lakhs University of Cambridge 1 year GMAT INR 56.49 Lakhs London Business School 15-21 Months GMAT: 600, GRE INR 47.21 Lakhs for 1st year University of Warwick 1 year GMAT, GRE INR 43.Read more
What are the 3 Major areas of Accounting?
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3 Major areas of Accounting Financial Accounting: Financial Accounting is the process of recording, summarising, analyzing, and providing financial information to users. This involves the preparation of trading account, profit & loss account, and balance sheet. Cost Accounting: Cost accountingRead more
What are the Limitations of Management Accounting?
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Limitations of Management Accounting Lack of Specific Procedure Costly Dependency Personal Bias Uncertain Provides Only Data Management Accounting is only a Tool Lack of objectivity
Define Management Accounting. What are its Objectives?
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Management Accounting is the process of analysis, interpretation, and presentation of accounting information to the users that collected with the help of financial accounting and cost accounting. This helps management in decision making. Objectives of Management Accounting Better Decision Making AssRead more
What are the Characteristic, Features of Cost Accounting?
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Characteristic or Features of Cost Accounting Ascertainment of cost Cost Control Aid to management Determine selling prices Inventory control Measurement of efficiency Budgeting Minimum Wastages
Explain Cost Accounting. What Are The Objectives of Doing It?
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Cost accounting recording of all the costs incurred in the business. Cost including Fixed cost and variable costs. It Provides data to Internal users for decisions making to reduce the cost by cost control. Objectives of Cost Accounting Process Of Accounting For Cost Records Income And Expenditure PRead more
Explain Financial Accounting. What Are Its Characteristic Features?
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Meaning of Financial Accounting Financial Accounting is the process of recording, summarising, analyzing, and providing financial information to users. This involves the preparation of trading account, profit & loss account, and balance sheet. Characteristic, Features of Financial Accounting ReRead more
What are the Various Streams of Accounting?
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Various Streams Of Accounting Financial Accounting: Financial Accounting is the process of recording, summarising, analyzing, and providing financial information to users. In financial accounting, we prepare a trading account, profit & loss account, and balance sheet. Cost Accounting: Cost accoRead more