0
Balance of payment
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are the economic tools of managerial decision making?
what are the economic tool which help manager in decision making
Role of managerial economic in decision making?
The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.
Explain the role of accounting in economic development of a country?
It help improve the transparency, comparability and accountability of financial reporting.
What information can geographers provide to help economists making decision?
They can tell them which country they are living in.
What is the importance of national income accounting figures?
1. it help to know economic problem of under developed country 2. it help to measure inflationary 3. national income accounting throw the light on distribution income in economy 4. it help to measure the welfare of the citizens or country by EMMANUEL GASPER MZUMBE UNIVERSITY
What are the economic tools of managerial decision making?
what are the economic tool which help manager in decision making
What is objectives of Accounting standard?
They help accountants to be objective in their decision making.
Role of managerial economic in decision making?
The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.
Significance of cost accounting to the management?
it help management in decision making it also help management to ascertain the cost of a product
What role does financial accounting play in decision making?
Accounting has been defined as the process of identifying, measuring, recording and communicating economic information to permit informed judgments and economic decisions. The primary purpose of accounting is to help persons make economic decisions. In our society resources must be allocated among and within all kinds of entities. Accounting information provides the basis for making decisions about resource allocation.Accounting information is financial information about economic activities. All economic entities (e.g. businesses, government agencies, families, charitable entities) need such information because it is used for making economic decisions about those entities.11 Hoggett, J.R., Edwards, L., & Medlin, J., Accounting in Australia, Fifth Edition, Chapter 1.
What role might an accounting professional play in ethical corporate decision making?
Accounting professionals can help executive managers set the direction for the company through budgets. Their expertise will help managers guide the organization financially.
What is the importance of statistics in accounting?
statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.
What is the nature and purpose of accounting?
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions for decision-making. Its purpose is to provide accurate and timely financial information to internal and external users to help in making informed business decisions and assessing the financial health and performance of an organization.
The role of Management Accounting?
Management accounting focuses on the books. Management processes is concerned with operations and meeting the organization's objectives. Management processes covers accounting management as well.
Why do you study cost accounting?
Cost accounting tells us about how to calculate the per unit cost of any item produce in manufacturing concern as well as provide the basis for management accounting to help management in short-term and long term decision making process.
Models of Decision-making?
decision making is the method which can help you make decision when are starting a business or try to do so.
Who is the patron saint of decision making?
There is no patron saint of decision making; every saint can help you do that.
