Business functions refers to the critical activities that are very essential for the survival of a business. A typical business is usually divided into many functions or departments.
A typical supermarket will have the following business functions or departmental units: marketing, sales, accounting, purchasing, computing, advertising, human resources, etc.<span />
Answer:
I think is primary.......
What is the primary criterion for the preparation of managerial accounting reports?
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meet managers need
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What is Managerial accounting?
Answered in BUSINESS & FINANCE
What is Managerial accounting?
Managerial accounting is different to financial accounting because it is the one called cost accounting. It is the process in which it is needed to identify, measure, anal… (MORE)
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Should accountants only focus on financial statements and not on production of managerial reports?
Answered in BUSINESS ACCOUNTING AND BOOKKEEPING
Should accountants only focus on financial statements and not on production of managerial reports?
Answer:
True.
Explanation:
To assess the value of an asset, it is important to determine if its future cash flows will make it worth for an investor to buy it in the present. The present value (PV) of a financial asset is the <em>value in the present</em> of all future cash flows the asset is expected to generate by using a discount rate.
This is an example of outsourcing, which is when domestic jobs are sent to countries overseas to take advantage of the lower costs.
