Information that a manager need to make a decision
What is the various information that a manager need to make a decision?
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The managers might require information to help them decide whether to:
a) Develop new products or services (as with the computer manufacturer developing a latest range of computers).
b) Raise or reduce the price or quantity of existing services or products.
c) Borrow money to help the financial condition of the business.
d) Raise or reduce the operating capacity of the business.
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Write down a short note on the major tasks of board that runs the organization?
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What are the possible broad regions of decision making process where management accounting information is required?
What are the key qualities or characteristics which accounting information should possess?
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describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
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