Knowee
Questions
Features
Study Tools

Fill in the Blank QuestionFill in the blank question.A(n) accounting system provides information that management can use to evaluate a department's manager.

Question

Fill in the Blank Question

A(n) __________ accounting system provides information that management can use to evaluate a department's manager.

🧐 Not the exact question you are looking for?Go ask a question

Solution

The correct term to fill in the blank is "performance".

A performance accounting system provides detailed information related to the effectiveness and efficiency of various departments within an organization. This type of system often includes metrics such as budget variances, productivity ratios, and operational efficiencies, which are crucial for management to assess how well a department is performing in comparison to set goals and objectives. By evaluating this performance data, management can make informed decisions regarding resource allocation, identify areas needing improvement, and ultimately drive the department toward better outcomes. Performance accounting also plays a key role in accountability, ensuring that department managers are aware of their objectives and responsibilities. Hence, utilizing a performance accounting system allows for more effective management oversight.

This problem has been solved

Similar Questions

accounting is used to provide information to managers within the organization to assist them in making decisions.

Explain the various users of accounting information and the kind of information they usually need

The method used to record and summarize accounting data into reports is called a(n) system.

The government accounting plan shows the overall system of what?a.Service Agencyb.Public Agencyc.Company Agencyd.Government Agency

Process of testing and evaluating a business's accounting processes and controls.Select the correct termBudgetingBookkeepingAuditingAccounting

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.