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The role of International Financial Reporting Standards - Essay Example
Author : wschmeler
Finance & Accounting
Pages 5 (1255 words)
Many organizations are beleaguered by entropy, carrying the prevailing information of the company’s useful reports.Often, managers may lack skills and knowledge to handle and keep the company data and that why the aspect of managing numbers comes at hand…
This facet consists of mathematical approach that most of managers do not have insight towards the norm and get scared of the mathematical issue. Other prevailing issue as per the management of numbers is that most of seniors as well as managers are busy that they do not have time give attention as far as the aspect of company data analysis and its interpretation is of more concern (Cunningham and Fiume 10-15). Many companies however, prefer to adapt the issue of numbers management for realizing their level of production. One of the companies that have adopted numbers management is the wall mart companies, one of the largest fashion companies on this world. Senior manager have articulated this norm with saying that their clients usually ask help to make them understand why workload within the company is at increase norm compared from the previous years Wal-Mart have been providing its services. Cumulatively, number management produces a stable, repeatable, and predictable pattern of variation in the output of a process as far as the aspect the aspect of business is taken into consideration. Some of the factors leading to the control of numbers and its management includes; capability of equipments, the level of training given to staff, and the choice and specification of paperwork/materials used in the process. ...