Advantages of Departmental Account - SS3 Accounting Past Questions and Answers - page 1
What is one advantage of departmental accounting?
Improved customer service
Reduced tax liability
Improved cost control
Increased shareholder dividends
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What does departmental accounting help management to do?
Identify areas where costs can be increased
Make uninformed decisions
Identify areas where costs can be reduced or controlled more effectively
Allocate resources randomly
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What does departmental accounting promote?
Blaming others for poor performance
Accountability
Unethical behaviour
Resource wastage
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What does departmental accounting help to facilitate?
Resource wastage
Confusion among employees
Performance measurement
Increased tax liability
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What does departmental accounting help to manage?
Only employee salaries
Only the budget
Only the performance of the business as a whole
Costs, resources, and performance of each department
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What is the main benefit of departmental accounting for businesses?
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How does departmental accounting help management make better decisions?
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