The following statements relate to financial accounting or to cost and management accounting:
(i) Financial accounts are historical records.
(ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation.
(iii) Management accounting is used to aid planning, control and decision making.Which of the statements are correct?
Which of the following is correct?
The manager of a profit centre is responsible for which of the following?
(i) Revenues of the centre
(ii) Costs of the centre
(iii) Assets employed in the centre
Which of the following would be best described as a short-term tactical plan?
Which of the following statements about qualities of good information is false?
The sales manager has prepared a manpower plan to ensure that sales quotas for the forthcoming year are achieved. This is an example of what type of planning?