1. 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.

    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.

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  2. 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

    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 43.2 Lakhs
    Lancaster University 1 year IELTS: 7, PTE: 62 INR 31.3 Lakhs
    Cranfield University 13 months GMAT, GRE INR 44.03 Lakhs for 1st year
    Brunel University 1 year IELTS: 6.5, PTE: 58 INR 26.99 Lakhs
    University of Bath 1 year GMAT: 600. IELTS: 7 INR 41.68 Lakhs
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  3. 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

    3 Major areas of Accounting

    1. 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.
    2. Cost Accounting: 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.
    3. Management Accounting: 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.
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  4. 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

    Limitations of Management Accounting

    1. Lack of Specific Procedure
    2. Costly
    3. Dependency
    4. Personal Bias
    5. Uncertain
    6. Provides Only Data
    7. Management Accounting is only a Tool
    8. Lack of objectivity
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  5. 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

    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

    1. Better Decision Making
    2. Assistance in Planning and Formulation of Future Policies
    3. Controls Management Performance
    4. Helps in the Interpretation of Financial Information
    5. Helps in Motivates Employees
    6. Communicates Up-to-date Information
    7. Evaluates policies effectiveness
    8. The solution for Strategic Business Problems
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  6. 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

    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
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