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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.1
1 Hoggett, J.R., Edwards, L., & Medlin, J., Accounting in Australia, Fifth Edition, Chapter 1.
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What role does the cost of capital play in the financial decision making of the firms top managers?
What role does the cost of capital play in the financial decision making
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Financial management is one of the four functions managers must be able to perform. The other three are leadership, planning, and human resources. Financial management deals with money and the way it is used by a company to generate profits. It also includes how that money should be allocated among different departments in order for them to function properly. For example, financial management would tell you if your marketing department needs more funds or if they have enough. Get Link: Norwayoffice.biz
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What role does the cost of capital play in the financial decision making of the firms top managers?
What role does the cost of capital play in the financial decision making
What role does management accounting play in decision making?
provide specific examples of these questions with respect to the use of a coutry's scarce resources
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What role does price elasticity demand play in decision making by business firms?
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There are three type of Accountants: 1 - Financial Accountants 2 - Cost Accountant 3 - Management Accountant Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
