What does the value-added principle mean as it applies to managerial accounting information? Give an example of

Question:

What does the value-added principle mean as it applies to managerial accounting information? Give an example of value-added information that may be included in managerial accounting reports but is not shown in publicly reported financial statements.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

See More Books

Question Posted: Jan 03, 2012 03:48 AM

See More Questions

Give an example of managerial accounting information that could help a manager make each of the following decisions. 1. The president of Bridge Rent-a-Car is deciding whether to add luxury cars to...
Give an example of a personnel policy that would help attract a larger pool of job candidates. Give an example of a personnel policy that would likely reduce the pool of candidates. Would you expect...
Give an example of an analytical model that includes all the three major types.
Estimates have been presented to Holly Farms, which is considering two environmental chambers for a project that will detail laboratory confirmations of on-line bacteria tests in chicken meat for the...
What is the difference to access of health care versus health insurance?
There are disclosures required by AASB 8 in respect of an entitys reliance on major customers. Why should such disclosures be made, and what are the required disclosures?
a. Run a regression of LNPAID on AGE. Is AGE a statistically significant variable? To respond to this question, use a formal test of hypothesis. State your null and alternative hypotheses,...
Describe the differences between general-use software and generalized audit software. How might you use spreadsheet software, database software, and word processing software in conducting an audit of...
Q1. i) To aid analysis of the variation in flow in a river, a Flow Duration Curve (FDC) is used. Sketch a typical Flow Duration Curve and, with reference to the sketch, describe what Q70represents....
During the year ended December 31, 2018, Lawrence Industries sold $2 million worth of merchandise on credit. A total of $1.4 million was collected during the year. The cost of this merchandise was...
What are some differences between financial and managerial accounting?
How does product costing used in financial accounting differ from product costing used in managerial accounting?
Hourly wage rates are an anachronism. Efficiency requires incentive-based pay tied to performance. Discuss this statement.
Cups of Water Time to boil in seconds 0 24.87 51.02 1 137 1 177 2 192 2 1/2 203 Construct a graph plotting the time on the vertical (y) axis and the amount of water on the horizontal (x) axis. If a...
How do you prefer to be managed? What do you think a manager needs to do to engage and retain a person in your generation
The qualities required of a mediator are many and diverse. What qualities are required of a mediator and the importance of these qualities to the chances of success in mediation?
What is coercive power? Why is it not considered a form of leadership? What is the difference between socialized and personalized charismatic leaders? Explain the concept of competitive advantage and...
Please list ten assessment methods and indicate how each connects with Gardner's Multiple Intelligence theory. There is eight intelligence outlined in the MI theory: 1. Linguistic intelligence 2....
Matthew County issued a six-month, 6%, $1,000,000 bond anticipation note on March 31, 20X5, to provide temporary financing for a major general government capital project. The issuance of long-term...
Q:1 Take any product or service offered in Pakistan and apply all determinents of customer Perceived value ?
Write the solubility product expression for each of the following slightly soluble ionic compounds in a saturated aqueous solution: (a) Agl(s) Ag+ (aq) + (aq) (b) AgCrO4(s) (c) Ag3PO4(s) 2 Ag+ (aq) +...
What is the difference between contributed capital and retained earnings for a corporation?
What are the similarities and differences in the equity structure of a sole proprietorship, a partnership, and a corporation?
Why is it easier for a corporation to raise large amounts of capital than it is for a partnership?
A representative household maximizes. where . BlogC1+i) j=0 Ct+j+kt+j (3) (4) Note that the second term of the right-hand side of the equation is expressed by not Kt+j-1 but Kt+j-2. In other words,...
Two parallel plates 15 cm on a side are given equal and opposite charges of magnitude 5.5 x 10-9 C. The plates are 3.5 mm apart. What is the potential difference between the plates (in V)? (Enter the...
The equipotential lines in a region of electric field are shown in the diagram below. For each path indicated below, what is the work do by the electric field in moving a charge q = +7.5 x 107 C...

What does the value-added principle mean as it applies to managerial accounting information? Give an example of

Question:

Step by Step Answer:

The valueadded principle means that management accountants are free to enga...View the full answer

Survey of Accounting

Students also viewed these Managerial Accounting questions