application of responsibility accounting

Q: While business decisions should be data-driven and usually involve consideration of quantitative…

A: Following are the qualitative factors that should be considered while making a make and buy decision…

Q: Hi, on what does it depend if this statement is true or false?  "According to the organizational…

A: Organizational behavior theory refers to the activity to monitor the way and the process of…

Q: Managerial accounting produces information: Select one: a. that follows the rules of GAAP b. to meet…

A: The question is multiple choice question Required  Choose the Correct Option.

Q: Critically evaluate whether contingency theory in management accounting is still relevant in today’s…

A: Management accounting: Management accounting can be defined as the process of identifying, measuring…

Q: What role do managerial accounting principles and practises play in assisting managers in the…

A: Firm managers face the difficult task of managing people as well as understanding the real world.…

Q: The accountant's usefulness to management is said to be directly influenced by how good an attention…

A: The following statements are assessed with regard to the functions of the accountant in an…

Q: Which of the following groups would have access to managerial accounting information? Group of…

A: Managerial accounting uses both financial and non-financial information as a basis for making…

Q: One of the basic purposes of managerial accounting is to provide information to various management…

A: Answer: Managerial accounting is the accounting method that generates the reports that helps the…

Q: Decision Making with Managerial Accounting   Due to varying business characteristics, the…

A: In every concern there are three basic accounting systems. They are 1. Financial accounting 2. Cost…

Q: How can management accounting principles and procedures aid managers in making sound company…

A: Accounting is how a firm's financial transactions are documented and communicated to the end-users;…

Q: Which of the following is the principle reason for preparing managerial accounting reports?…

A: Managerial accounting reports are used for decisions making by the management. Company track data…

Q: What role do management accounting principles and practices play in assisting managers in solving…

A: Firm managers bear the difficult job of managing personnel as well as knowing the real world. To…

Q: Please describe a managerial accounting concept or topic you learned in this course. Identify the…

A: Solution: Management Accounting  is also called as managerial accounting and can be defined as a…

Q: Enter the letter of each system principle in the blank next to its best description. A. Control…

A: Accounting principle are the principles/guidelines and rules that organizations must follow when…

Q: Management accounting has evolved over the years to provide information for: determining the cost of…

A: Management accounting: The act of distinguishing, investigating, , measuring, interpreting, and…

Q: The two primary qualities that make accounting information useful for decision making are:…

A: Accounting information is important for top management. It provides details of financial statements.

Q: ‘Business strategy produces long-term plans for the business, taking into consideration plans and…

A: a.   Strategic management accounting identified as a generic approach to accounting for strategic…

Q: Some individuals argue that accountants should focus on producing financial statements and leave the…

A: Answer:If accountants concentrate only on financial information then there will not be any…

Q: Explain the characteristics of contingency theory of management accounting. What are some of the…

A: According to the contingent theory of management accounting, there is no one optimal strategy for…

Q: Conceptually, the main difference between financial accounting and managerial accounting is that…

A: Internal users are the users that work for the company for its internal growth i.e., managers,…

Q: Please list at least 5 major differences between Managerial and Financial Accounting. Include in…

A: Although both managerial and financial accounting are based on data, the way in which those numbers…

Q: Business ethics is about managing ethics in an organizational context and involves applying…

A: Decision-making process: Decision making can be defined as the process of making choices through the…

Q: Managerial accounting adds value to the organization through provides managers with financial…

A: Managerial accounting involves the presenting the financial information for internal purposes to be…

Q: What statement about management accounting is FALSE? A) Management accounting helps managers fulfill…

A: Management accounting is the provision of providing relevant information to managers and directors…

Q: please answer both questions What are ways in which the profession and tools of managerial…

A: The answer for the theory questions on Managerial accounting is discussed hereunder : Managerial…

Q: Many academic scholars believed that ‘Strategic information must be in balance with operational…

A: Introduction - Balance Scorecard             Balance Scorecard is a target based tool used to…

Q: What are the ethical issues that Dunlap's management team mat have created by adopting a short run…

A: Albert John Dunlap was an American Corporate executive who was famous many theories which are useful…

Q: Please describe a managerial accounting concept or topic you learned in this course. Identify the…

A: Managerial accounting: Managerial accounting helps the management (internal users) to make best…

Q: Now, consider emerging trends in business today.  How should the discipline of managerial accounting…

A: Management accounting is the branch of accounting which deals with the decision making of the…

Q: Evaluating employee performance and making strategic decisions are two examples of how managerial…

A: Examples of how managerial accounting information is used, Evaluating Employees Performance Making…

Q: In well-governed companies, a sense of accountability and ethical leadership create a culture that…

A: It has been seen that wherever financial manipulation techniques are used, the self-interest of the…

Q: n the world of professional industries, when conducting operational activities, top management have…

A: RISK MANAGEMENT STRATEGY What is Risk? Anything that threatens a company's ability to achieve its…

Q: Many academic scholars believed that ‘Strategic information must be in balance with operational…

A: Definition:   Balance scorecard: Balanced Scorecard is a target based tool used to evaluate the…

Q: ‘Business strategy produces long-term plans for the business, taking into consideration plans and…

A: Strategic management accounting identified as a generic approach to accounting for strategic…

Q: Mr. Ahmed is responsible for appropriate product design, pricing policy, delivery, and services to…

A: Mr. Ahmed is responsible for appropriate product design, pricing policy, delivery, and services to…

Q: Why do you think it is important for a management accountant to be able to complete an evaluationof…

A:

Q: Identify the major problems in this situation and explain how they impact the organization. You will…

A: Soldering workers rarely accomplish operations in less time than the standard permits at the moment.…

Q: Strategic Management Accounting is a new form of management accounting on information relating to…

A: Strategic Management Accounting: A strategic management account is primarily concerned with aiding…

Q: Which of the following groups would have access to managerial accounting information? bankers…

A: Meaning of Managerial Accounting: Managerial accounting is the practice of identifying, measuring,…

Q: As a Professional Accountant, you are regarded as an expert with specialized knowledge acting…

A: Ethical issues: These are the conflicts that arise in a business environment bringing into question…

Q: Management Accounting Versus Financial Accounting. Management accounting differs from financial…

A: Hello, I am only answering first question as per the policy and if you want other to be answered…

Q: Choose whether the following characteristics are most often associated with managerial accounting or…

A:

Q: While redefining management phenomena, the management accounting professionals have to O firm,…

A: Management Accounting is a process of achieving organizational goals by interpreting, organizing,…

Q: ‘Business strategy produces long-term plans for the business, taking into consideration plans and…

A: Management accountant plays an important role in forecasting future business and economic events to…