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Decisions are not taken, they are made. Financial managers obviously make decisions about MONEY. Where to spend it and how much and why. Business owners are typically the financial manager of a company simply because they want to make money.
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What is the scope of financial objective of business organizations?
Financial objectives are created to guide managers with their financial decisions. By comparing their decisions to the financial goals of the organizations, the manager can determine whether they are on the right track.
Is it true that the sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions?
No. Accounting information is used by managers to make decisions and plans; but it is also commonly used by investors to make investment decisions and creditors (such as banks) to make lending decisions.
What are some factors that should managers take into consideration when using financial ratio analysis to make decisions?
Jake derbyshire.
The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions?
true
What is the nature and scope of financial accounting?
Financial accounting helps people and businesses manager their money. With better information about financials, managers can make better decisions about the direction of the organization.
What is the scope of financial objective of business organizations?
Financial objectives are created to guide managers with their financial decisions. By comparing their decisions to the financial goals of the organizations, the manager can determine whether they are on the right track.
What decisions pertain to financial management?
Many decisions pertaining to financial management include how much risk to take on, what projects will make the most money and what interest rates are acceptable for the business. Financial managers make most of these decisions with a team.
Decisions made by financial managers should primarily focus on increasing which one of the following?
total sales
Is it true that the sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions?
No. Accounting information is used by managers to make decisions and plans; but it is also commonly used by investors to make investment decisions and creditors (such as banks) to make lending decisions.
What groups or parties generally has taken the most initiative to evaluate the financial condition of a city?
Managers
What are some factors that should managers take into consideration when using financial ratio analysis to make decisions?
Jake derbyshire.
The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions?
true
What approach do financial managers prefer future or present value?
Financial managers tend to prefer using the present value technique, because it's much easier to make decisions at time zero with present values than future values.
What is the nature and scope of financial accounting?
Financial accounting helps people and businesses manager their money. With better information about financials, managers can make better decisions about the direction of the organization.
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.
