Advantages of management accounting The important uses of management accounting are briefly explained 1. Planning The management can prepare the plan and execute the same for effective operation
The management accounting system provides highly useful economic and financial data to the management. A channel is used to transmit the information efficiently and effectively that channel is
Benefits or Advantages of Inter Firm or Intra Firm comparison Inter firm comparison has brings same benefits to every business unit. They are presented below: 1. The management
Requisites for inter-firm or intra-firm comparison The followings are the per-requirements for meaningful and effective inter firm or intra firm comparison. 1. Similarity of Firms or Departments Similarity
The financial statement analysis has some limitations. Hence, the interested party should keep all these limitations into his/her mind while making analysis. Limitations of financial statement analysis 1.
Understanding Payback Period method This method is also known as pay out, pay off or recoupment period method. Under this method, the original investment of the project should
Advantages of Marginal Costing The advantages, merits of marginal costing are briefly explained below. 1. The marginal costing technique is very simple to understand and easy to operate.
What is a Questionnaire? A questionnaire is a form prepared and distributed to secure responses to certain questions. It is a tool for obtaining response to questions by
Understanding Zero based budgeting Zero based budgeting is used as a managerial tool to control the costs. It got popularity since the early 1970’s. The ZBB was developed
Need for performance budgeting In the conventional budgetary control system, everybody give importance to rupee value. Nobody care about the physical units or related to cost. Gone are