Podcast
Questions and Answers
What are the core needs that management accounting principles (MAP) were developed to serve?
What are the core needs that management accounting principles (MAP) were developed to serve?
To improve decision support objectives, internal business processes, resource application, customer value, and capacity utilization needed to achieve corporate goals.
What are the two management accounting principles mentioned in the text?
What are the two management accounting principles mentioned in the text?
Principle of Causality and Principle of Analogy
What is another term often used for management accounting principles for the purpose of improving decision support objectives, internal business processes, etc.?
What is another term often used for management accounting principles for the purpose of improving decision support objectives, internal business processes, etc.?
Managerial costing principles
What does the Managerial Costing Conceptual Framework (MCCF) incorporate along with the two management accounting principles?
What does the Managerial Costing Conceptual Framework (MCCF) incorporate along with the two management accounting principles?
Signup and view all the answers
What does the framework, according to the text, end decades of surrounding management accounting approaches?
What does the framework, according to the text, end decades of surrounding management accounting approaches?
Signup and view all the answers
