Discuss TWO (2) impacts of technological advancement on the management accounting practice.

Q: 1)What isCharacteristics of management accounting ?

A: Management accounting is a form of accounting system which is useful for management of the…

Q: The definition 'Management accounting is concerned with accounting information that is useful to…

A: Explanantion: In normal language any system of accounting, that assists management in carrying out…

Q: Which is the main characteristic of Management accounting? a. Helping to achieve organizational…

A: Management accounting: Management accounting refers to the preparation of reports or financial…

Q: Comment on the current and potential impact of creative accounting and discuss its management…

A: Bookkeeping is the process of recording financial transactions that affect a company. The accounting…

Q: Framework, qualitative characteristics of accounting information are essential to assist decision…

A: The accounting information are one of the most important informations as it help it's user that…

Q: Describe the goals of accounting standards.

A: Accounting standards are authoritative standards for financial reporting and are the primary source…

Q: Explain the three principles guiding thedesign of management accounting systems.

A: Management accounting: It is the process of preparing the reports of a business operation helping…

Q: Which accounting system supports decision-making in the business? O a. Personal accounting O b. Cost…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: e broad conceptual definition of management accounting presented in the text excludes     a. public…

A: Management accounting refers to the system of accounting that uses the informal for internal use by…

Q: Which of the following are characteristics of management accounting information?  a) Unregulated…

A: Answer -    The following are characteristics of management accounting information-  verifiability,…

Q: differentiate between financial accounting and management accounting

A: Accounting is the process of record of financial data with sorting, storing , retrieving,…

Q: Focus on a certain section or sector of the firm" How would management accounting and financial…

A: Introduction : Segmenting a company may be accomplished in various ways, including geographically,…

Q: What is the fundamental difference between financial accounting and management accounting in terms…

A: An accountant's job is to keep track of the findings and analyze them.

Q: 1. Management accounting is a collective term for all persons responsible for making decisions in an…

A: As posted multiple independent questions we are answering only first three questions kindly repost…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

A: Financial Accounting:   It involves identifying, recording, summarizing and reporting the economic…

Q: Which of the following are the fundamental characteristics of accounting information? O a.…

A: The fundamental qualities of Accounting Information are Relevance and Faithful Representation.…

Q: Which among the following is concerned with Management Accounting? a. Preparation of financial…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: 21. Which of the following describes the purpose of a management accounting system? a) Recording the…

A: Management accounting system is an accounting system in which management takes decisions on the…

Q: ________shows how the accounting function can be represented, so as to fit it within the framework…

A: Management accounting shows how the accounting function can be represented, so as to fit it within…

Q: Identify TWO external consumers of accounting information and explain how that accounting…

A: Introduction: The term "financial statement" refers to any statement, such as an income statement, a…

Q: Management accounting

A: Option b is wrong because the statement is true. Management accounting helps the managers to plan…

Q: What is the basic principles of Accounting Information Systems (AIS)?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Distinguish Financial accounting from Management Accounting

A: Accounting is the process of recording financial transactions that are material to the business. It…

Q: The difference between accounting and business administration

A: They both reinforce each other.

Q: 1) Identify and discuss the benefits that can be expected to be derived from the FASB’s conceptual…

A:

Q: Why is the accounting cycle critical to a business's success? (examples of why certain actions are…

A: Answer: Accounting cycle can be defined as the whole procedure that is run for any business to…

Q: Evaluate the significance of the accounting cycle in terms of its practical relevance for business

A: Introduction Accounting Cycle is the continuous steps to evaluate and analyse the financial…

Q: 1. Managerial accounting is a field of accounting that provides economic information for all…

A: Managerial accounting is the branch of accounting in which data is recorded, summarised and…

Q: Which type of accounting information is intended to satisfy the needs of external users of…

A: Financial accounting, management accounting and cost accounting are different forms of accounting.…

Q: Indicate which of the following statements are moredescriptive of management accounting than of…

A: Managerial accounting represents the practice of identification, measurement, analysis,…

Q: What STRATEGIC MANAGEMENT? 2. What STRATEGIC MANAGEMENT accounting?

A: Answer: Strategic management: Strategic management is the management of strategy to achieve the…

Q: Which of the following is not considered an analyticalaspect of the accounting profession?a.…

A: The analytical aspect of the accounting profession helps the management to make an efficient and…

Q: Which of the following statements correctly distinguishes between management and financial accor A.…

A: Option A is incorrect because Both financial accounting and management accounting are future…