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Shell Company Questions - Essay Example
Pages 8 (2008 words)
The organization that I have chosen is Shell which is a group of petrochemical and energy companies. The Shell group was formed when Royal Dutch Petroleum Company in the Netherlands merged with the Shell Transport and Trading Company in the United Kingdom and is now the 5th largest company in the world. …
Management accounting information is the information which is necessary for the higher management to take into consideration when taking important decisions regarding the organization. It allows the management to make well-informed decisions which can drastically help the company to achieve improved results. Management accounting information is future-oriented which means that unlike financial accounting, it does not just report the past performance of the company but also highlights the sections which can be improved to achieve greater efficiency and profitability.There are basically three types of management accounting information which can be significant for business decision making. This information can be classified into three statements or reports which include the cost allocation reports, budget reports and forecasting statements. The first type of management accounting information that can be used by Shell management is the cost allocation reports. This report consists of the information regarding the money invested, or supposed to be invested, in particular projects. ...
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