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How might the information contained in financial statement be useful to managers?
Wiki User
∙ 14y ago
Managers use financial information from Income Statements for several purposes. If a company is in need of new employee's a manager must look at the financial statements in order to accurately decide if the company can afford to hire, how many people they can hire, etc or even at times it is used in reverse to see if they need to cut some employee's from the payroll.
Managers also use this to determine if they can afford new equipment, new merchandise, and other operating expenses and even where they may need to cut expenses if the profit for the company is too low.
Wiki User
∙ 14y ago
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What is the importance of financial statement to the managers?
to make a decision
How will managers use financial information to predict outcomes for business?
How will managers use financial information to predict outcomes for business?
What Key numbers financial managers use to calculate ratios?
Balance sheet and income statement
How will managers use financial information to predict outcomes in business?
Managers rely on financial information to determine the number of employees needed to complete specific duties and the cost of products and materials in order to complete tasks.
Sources of information needed to make financial decisions in business organizations?
Customers, vendors and researchers are all sources of information for managers. Managers must analyze the information to determine whether it is reliable.
Should financial managers concentrate strictly on cash flow?
financial managers
When was Institute of Professional Financial Managers created?
Institute of Professional Financial Managers was created in 1992.
Who are the managers of Capita Financial?
Capita Financial is a company that provides financial services to industry. Currently the Capita Financial is managed by the Capita managers in the UK.
Where can non finance managers find information about finance issues?
There are several websites that provide information and training on financial issues for non finance managers. Examples of these websites include Skill Path and Mind Tools.
Why is it important for business managers to understand the information found on financial reports?
Business managers must understand financial reports so that they can correct any problems in production. If they don't understand, they could potentially lose money during production.
What is financial reporting system?
A financial reporting system is a system that is connected to departments and allow managers to input numbers so that the finance department will have up to date information. These systems have alerts that let executive managers know when something is wrong in production.
Why is it essential for all managers to have a financial understanding of their organization?
How top management is receive for information for the managerial Accounting for future decession
