[PDF] Accounting Information For Decisions Ebook
Financial Accounting Information For Decisions Robert W
Financial Accounting Information For Decisions
CHAPTER 1 DECISION MAKING AND THE ROLE OF ACCOUNTING The role of accounting information in the decision-making process Financial information is needed before any economic decision is made. Financial accounting information focuses on actual events. For the purpose of decision making, the past is used as a guide to future estimates of the consequences of different alternatives. THE IMPACT OF ACCOUNTING INFORMATION ON DECISION MAKING ... Making decision is necessary when there is no one clear course of action to follow. Accounting systems can aid our decision making by providing information relevant to the decision and to the decision making. Accounting systems also provide check for the validity through the process of auditing and accountability (Gray et. Al 1996). The Role of Accounting Management in Decision Making ... Accounting managers give advice to decision-makers, who then implement changes at the company with this advice in mind. Often, accounting managers analyses lead to raw data and numbers. An accounting manager has to speak two languages accounting jargon and management dialect.
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