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define and explain the terms a cost centre and b cost unit 674635

1. Define and explain the terms (a) cost Centre and (b) cost unit.

2. You have been asked to design a system of cost accounting for installation in a factory. Describe the essentials that should be considered before you design such a system.

3. Explain briefly the meaning, nature and scope of management accounting.

4. Discuss the importance and limitations of management accounting for managerial decision making.

5. Explain the tools and techniques of management accounting.

6. Distinguish between management accounting, cost accounting and financial accounting.

7. Management accounting is concerned with accounting information which is useful to management?. Comment.

8. Explain briefly the role of a management accountant.

9. What are the limitations of management accounting? How can these limitations be eliminated?

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