Why do organisations need policies regarding expenditure and
financial management processes? (in Australian Accounting
Environment) Discuss...
Why do organisations need policies regarding expenditure and
financial management processes? (in Australian Accounting
Environment) Discuss in 100 to 120 words.
Why do organisations need policies regarding expenditure and
financial management processes? (in Australian Accounting
Environment) Discuss in 100 to 120 words
Explain why organisations have policies regarding the use of
assets and why do staff need to be aware of them and other
organisational policies, procedures and accounting standards.
5) Explain why organisations have policies regarding the use of
assets and why do staff need to be aware of them and other
organisational policies, procedures and accounting standards.
(100–120 words)
Why do organisations need accurate and timely financial
information? What information is required to manage the
organisation’s finances? Who is usually responsible for an
organisation’s financial management?(in Australian Accounting
environment) Discuss in 100 to 120 words.
Deliberate on why it is crucial to understand accounting and
financial management fundamentals? Discuss how accounting
information and financial analysis facilitate decision making. Give
examples. What advice would you give to your team regarding
utilizing financial information more effectively?
Conceptual Questions of Management Accounting
Q1 Discuss the role of management accountants within
organisations.
Q2 Explain, when estimating overhead costs, why an organisation
would choose to use managerial judgement instead of the high-low
method.
Q3 Identify and discuss ONE (1) pricing strategy that a firm
could use.
Q4 Explain the difference between the direct method and the
reciprocal method for allocating support department costs.
Q5 Discuss the environmental, social and economic impacts
associated with life cycle analysis for ONE (1)...
Regarding the differences between financial accounting and
management accounting, which of the following statements is
false?
Select one:
a. management accounting is less constrained than financial
accounting
b. the distinction between the two areas, to some extent,
reflects differences in access to financial information
c. there is no overlap between management accounting and
financial accounting
d. managers have much more control over the form and content of
their reports
What information do users of accounting reports
need?Discuss.
Why do we need so manystatements?
The balance sheet
gives the company’s status at the end of a chosen accounting
period. It includes the results of all the operations that took
place during this period. Why do we need to have an income
statement and statement of retained earnings, which simply expand
upon the retained earnings account? If we wanted detail, couldn’t
we just include it as part of the retained earnings...