Question

In: Accounting

review the management accounting techniques used to achieve the set goal

Expert Solution

VARIOUS TOOLS USED IN THE MANAGEMENT A CCOUNTING MAY BE CLASSIFIED AS FOLLOWING

BASED ON FINANCILA ACCOUNTING IFORMATION

1.Analysis of Financial Statements through Ratio Analysis

2.Analysis of Financial Statements through comparative statements, trend, graph and diagram

3.Fund flow and cash flow analysis

BASED ON COST ACCOUNTING INFORMATION

1.Marginal costing (including cost volume profit analysis).

2. Direct or incremental Costing and differential costing.

3.Analysis of Cost Variances.

BASED ON MATHEMATICS

1.Operations Research

2.Linear Programming.

3.Queing theory and Games Theory.

4.Simulation Theory.

BASED ON FUTURE INFORMATION

1.Budget and Budgeting

2.Budgetary control: Analysis of Budget Variance / Revenue Variance

3.Project Appraisal or Evaluation

MISSCELLANEOUS TOOLS

1.Managerial Reporting

2.Integrated Auditing

3.Financial Planning

4.Management Information System

5.Decision making Accounting

ekkarill92 answered 2 years ago

What strategies are available for a mayor to achieve his or her goal to set ordinance...

What strategies are available for a mayor to achieve his or her goal to set ordinance to make bicycle lanes and provide a tax incentive for those using bicycles? How might these strategies be different compared to mayors in other systems of city government? (Use Texas as state)

The objective of management control system design should be to achieve goal congruence, the harmony between...

The objective of management control system design should be to achieve goal congruence, the harmony between actions mangers take in their perceived self-interest and actions in the best interest of the organization. Describe ethical issues that need to be considered in designing a management control system. Your initial post should be at 200-300 words, formatted and cited in current APA style with support from at least 2 academic sources.

One budgeting approach is for top management to set the facility management budget. The goal is...

One budgeting approach is for top management to set the facility management budget. The goal is to reflect the organization’s strategic objectives and control the decisions. Which type of approach is this? Participative budgeting Flexible budgeting Zero-Based budgeting Authoritative Budgeting

1，Fiscal policy is ______. A. the set of tools used by the Federal Reserve to achieve...

1，Fiscal policy is ______. A. the set of tools used by the Federal Reserve to achieve macroeconomic objectives B. successful only if the government has a budget surplus C. the use of the federal budget to achieve macroeconomic objectives D. successful only if the government has a balanced budget 2，The ______ proposes a budget to ______. A. President; Congress each February B. President; Congress each September C. Congress; the President each February D. Congress; the President each September 3，The ______...

Explain how financial ratio may help the financial manager to achieve the goal of financial management

The convergence of accounting standards refers to the goal of establishing a single set of quality...

The convergence of accounting standards refers to the goal of establishing a single set of quality accounting standards that will be used internationally. The convergence of accounting standards is changing the attitudes of CPAs and CFOs toward harmonization of international accounting. However, issues remain and hinder countries around the world from having a single set of quality accounting standards. Required: Discuss with FOUR (4) points on why the convergence of accounting standards is a concern to countries worldwide.

How Benefits Management relates to Accounting and Financial Management ? How accounting is used in the...

How Benefits Management relates to Accounting and Financial Management ? How accounting is used in the management of benefits. How is financial information gathered and analyzed that is used in decision making in Benefits Management?

Analyse financial and management techniques used for recording financial information

When we set a primary goal of market penetration, we employ all the following techniques EXCEPT?...

When we set a primary goal of market penetration, we employ all the following techniques EXCEPT? Discouraging competition entry Earning Return on Investment Quickly Penetrating the Market Lowering the Unit Price

(A review on SAS data management) The following is a data set of 12 individuals. And...

(A review on SAS data management) The following is a data set of 12 individuals. And we want to relate the heart rate at rest (Y) to kilograms body weight (X). 90 62 87 41 87 63 73 46 73 53 86 55 100 70 75 47 76 49 87 69 79 41 78 48 Write a program in SAS which read the given data set into SAS library. In your program, create a new data set which is a...