Question

Answer these question in less then 3-4 lines. Questions 1. Differentiate between Management accounting and Financial accounting 2. What are the three management functions that management accounting information can be used to make them become more effective? Explain each very briefly. 3. Explain what is the process of control? 4. Why is feedback necessary in management process? 5. What does Total Quality management emphasize (or put stress on)? 6. What are the two factors that can prevent a manager to maximize profit? 7. Give an example of (a) planning (b) decision making 8. What is employee empowerment ? 9. How can ethical conduct improve profitability of a company

Answer 1

Answer paget O. Nol 10 Management Accountine Accounting Financial Account * Management It prep- unting ared tor internal proc the &xter - Which nal audience plesented stock bol- Account deres credit- business ors transaction eesing 15 Accounting 20 the 25 It is that tt that tield of ACC- type field o unting inhich of provides cost which shows information tinancial position ernal manager the ototy: ment tor planning trolling Etc. In Management It4010ws Accounting NO Асс requirements standards of any stand- the report of it ounting 30 as only used 35 within the organisation

0+ N, 2 management function : کے organizational 10 D organising Plar It is the process of Establish create goal and course achiere Distribution resources р and task to personnel achieve the goal controll Process of Evaluat ating deviation if any and mak adjustment ensure achievement goal controlling 20 Co. No3 25 Process of control The 9 9 30 al control O process consist of establisbing goal and standard with st an dard performances měnsuring actes Taking correct action lang deviation found It helps managers achieve organizational goal. to 35