All categories

3 years ago

Management accounting is accounting for effective management. Explain this statement.

Business

1 answer:

Marianna [84]3 years ago

4 0

Explanation:

Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.

Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.

You might be interested in

Pes

lakkis [162]

Answer:

ushsj

Explanation:

bshshshhdshshshhshdbshjdjdkdjddjjdndndndnfnfkdk

8 0

4 years ago

Jazz emerged as musicians combined elements of

lbvjy [14]

b, ragtime is the complete origin of jazz music

7 0

3 years ago

Malory is the new marketing manager for the footwear division of her company and is currently planning next season’s product lin

harina [27]

Answer:

Secondary data

Explanation:

secondary data is information which has been collected in the past by someone else. For example, researching the internet, newspaper articles and company reports.

6 0

3 years ago

Alfredo has two offers for his grocery shop. The first offer is a cash payment of $60,000, and the second is a down payment of $

lara [203]

Answer:

First Offer

Present value = $60,000

Second Offer

PV = Down payment + A(1 -(1 + r/m)-nm

r/m

PV = $10,000 + $6,000(1- (1+ 0.06/2))-5x2

0.06/2

PV = $10,000 + $6,000(1 - (1 + 0.03))-10

0.03

PV = $10,000 + 6,000(1 - (1.03))-10

0.03

PV = $10,000 + 6,000(8.5302)

PV = $61,181

The difference between the two present values

= $61,181 - $60,000

= $1,181

Explanation:

The present value of the cash payment is $60,000. The present value of the second offer is the down payment plus the present value of semi-annual payments. We need to use the present value of annuity formula so as to determine the present value of semi-annual payments. Then. we will deduct the present value of the first offer from the present value of the second offer in order to obtain difference in present values.

7 0

4 years ago

Elle Inc. is a firm that holds frequent reviews and feedback sessions for its employees. It demands that the same person should

Ber [7]

Answer:

a) reliability

Explanation:

Based on the information provided within the question it can be said that these two steps taken by Elle focus on the reliability of performance management. This refers to making sure that you can count on the results that are gathered from the performance evaluation on the employees. Thus allowing you as a manager to manage the performance of those employees and provide correct feedback or decisions based on the results.

4 0

3 years ago

Management accounting is accounting for effective management. Explain this statement.​

Management accounting is accounting for effective management. Explain this statement.