Accounting: Meaning and Objectives of Accounting.
A supermarket is defined as follows: A large retailing business unit, selling mainly food and groceries on the basis of the low marginal gain.It has a wide variety and varied assortment of goods. It lays emphasis on self service. Features of a supermarket. A supermarket has the following characteristics.
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Meaning of Variance. A variance is the deviation of actual from standard or is the difference between actual and standard. Definition of Variance analysis. I.C.M.A., “Variance analysis is the resolution into constituent parts and explanation of variances”.
In ethics and governance, accountability is answerability, blameworthiness, liability, and the expectation of account-giving. As an aspect of governance, it has been central to discussions related to problems in the public sector, nonprofit and private and individual contexts.In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions, products.
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Definition: Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals.In other words, it is the act of making sense of financial and costing data and translating that data into useful.
If you are in real doubt about the meaning of an essay question, check your understanding of what it means with the lecturer concerned. Here's an example: Account for the economic success of the newly industrialising countries of Taiwan, Hong Kong, Singapore and South Korea since the 1960s. Rephrased version: Explain why Taiwan, Hong Kong, Singapore and South Korea (which are all newly.