To ensure that plans are moving in the right direction, managers can use the "Planning/control cycle".
Planning/control cycle refers to the arranging which is set under a way in which there are motion activities or exercises to achieve the arranged objective. Control works direct and screen exercises for deviations from plans (i.e., accomplishment of goals). Planning utilizes input from controls to enhance/change designs and actualize correct activities where they are fundamental.
Answer:
Yes, accounting conservatism is appropriate because it makes firms more cautious when registering and reporting financial information. This increased cautiousness is likely to make accounting information more accurate.
Under the principle of accounting conservatism, losses are registered when they are found to be probable, while earnings are only added when they have been fully realized. As a result, this principle results in prudent and more trustworthy financial information for all stakeholders.
Answer:
d.funded status relative to the accumulated benefit obligation.
Explanation:
Employees should be informed funded status relative to the accumulated benefit.
Answer:
False.
Explanation:
The effectiveness of a network is related to the configurations and the way that network is being used. The size of the network has no influence on its effectiveness, but small networks are easier to maintain, manage and configure, because it is easier to maintain communication between network members.
Inventoriable costs are often recorded as assets immediately they are incurred.
<h3>What is Inventoriable costs?</h3>
Inventoriable costs can be defined as those cost that has to do with the production of goods.
Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .
Examples of Inventoriable costs are:
- Direct labor
- Direct materials
Inconclusion Inventoriable costs are often recorded as assets immediately they are incurred.
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