Problem:
The Vice President of Operations would like to increase profitability, improve customer service, and expand the business. Even though the external accounting department spends 5 days preparing each quarter's financial statements and disclosures, she does not examine those financial statements issued to the company shareholders.
You are to attend an afternoon meeting to discuss why this is the case. You have been assigned the task of examining the pertinent information and proposing two recommendations for the Vice President. These recommendations are to take effect at the end of the quarter.
Create a word document presentation outlining your recommendations. Include all your supporting material.
# Objective: Discuss the role of performance measures in an organization.
# Describe the functions of managerial accounting and the external uses of accounting.