The presentation of this information is normally done by a company representative. This mandate normally falls on the manager and he is faced with the task of deciding what ought to be presented and what to withhold. The reporting structure of every company is often standardized and well defined. The methods that are sued in the preparation and the reports that are to be presented are governed by standard rules that are set by the organizations in question. Additionally, the external parties are only presented with the aggregated and summarized data (Chandler, 1990 pg 7). This is in great contrast with organizational managers that need a more detailed report and information. In most cases, the information required can be adopted from familiar formats. The subsequent chapters of the report are dedicated to revealing typical examples of budgets and segment income reports among others. A manager needs to have a fundamental awareness of the processes involved in financial accounting (Hoskin, Macve & Stone, 2006 pg 9). It is also important for them to be aware of the resulting financial statements that are important requirements to understanding the framework used in these distinctive managerial accounting reports. Besides this, managers are also in a position to request for reports that are tailored to only specific tasks that are vital in decision making. These reports are pertinent to assuming a more free-formed format. It is, therefore, important for managerial accountants to be in a position in which they can easily adapt their generalized accounting knowledge in the development of personalized data and reports that are rational and which uphold sound management processes. The information in managerial accounting tends to be focused on activities, products and departments. This information also cuts across a broad range of key functional areas that are inclusive of finance and marketing among others. In most organizations, internal auditing units are referred to as strategic finance to the wide scope of duties that they perform (Hoskin, Macve & Stone, 2006 pg 9). Managerial accounting information is based on internal specifications that are given for data presentation and accumulation. In this case, the internal specifications ought to be clear, concise and consistent. This means that great care should be taken to ensure that any submitted reports are sufficiently rational to enable the managers to make good decisions. It is also important to replace specific reporting periods with real-time data that will facilitate quick response. On the same note, forecasted outcomes from these real-time data would be vital for planning within the organization. Besides these, cost information should be done in such a way that would mandate managers to focus and be held accountable for their business segments and components. The crucial function of any given manager is to manage and take control over organizational problems (Horngren, Bhimani et al, 2008 pg 44). This is to mean that every organization has its own share of problems and it is the work of the manager to deal with them. However, this does not necessarily mean that the role of the manager is to deal with organizational problems. Their functions go beyond that. Managing requires one to be adept and have numerous skills set. A manager requires visionary and leadership skills besides having the ability to mobilize both
(Name) (Instructors’ name) (Course) (Date) c) The use of accounting information by managers may not necessarily lead them toward the best decision The main concern of financial accounting is reporting to the relevant external parties. This includes the owners, creditors and analysts…
This patient held Medicare insurance, and as a result, calculations needed to be made as to the costs incurred in the treatment so the correct bills could be sent to Medicare to ensure that all the parties involved could receive payment. The fact that the patient here lives in a large urban area will have a significant effect on the Medicare patient and the cost of the treatment to the hospital.
A low GI diet is high in fiber and protein and has shown benefits to diabetes patients to control blood sugar levels. According to Miles ( 2008,pg1-2)“The ADA's position statement on nutrition concluded that the use of GI and GL may have a modestly greater benefit in controlling diabetes than is observed when total carbohydrate is considered alone”.
Although 56% of U.S. residents report using the Internet, a study conducted by the Pew Internet & American Life Project (2001) reported that only 15% of the elderly population have access to the Internet, and in a survey of
With this ratio the net profits are evaluated against the turnover. This gives an idea of the return after meeting the operating cost i.e., breakeven point. In other words once the operating costs are met profits rise in higher proportion to increase in
One important aspect of the process of globalization is the increased share of the national output devoted to exports and imports. The continuous drop in transportation and communication costs, along with technological developments, has greatly facilitated the process of
ly enthralling for features that felt solemnly peculiar in certain ways, filling me with the curiosity and drive to conduct a personal research by which I found out that it is among the prominent sculptures belonging to Japan’s Heian period.
Known as the ‘Eleven-Headed
iatives are carried out in firms in order to fully maximize on the potential of an empowered employee since an empowered employee works very much better than other employees work and has more productivity (Moorhead & Griffin, 2011). Therefore, the following steps could be
The recent sales figures are encouraging but the development and growth is inadequate to recover the losses that have incurred earlier. A thorough analysis of literature available on the subject matter and the market intelligence indicated that the workforce of GM is
As a result, the customers want a good service that will help them not only get a high quality product but also allow them to have best experience with regard to how the product is delivered to them. This experience attitude is
Therefore, this means that for someone to be termed as healthy, all the three aspects have to be complete and not just the physical part as it used to be sometime back. Conversely, wellness can be described as the
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