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Accounting information as an aid to management decision making

 Department: Accountancy  
 By: usericon uzogood4u  

 Project ID: 5310
   Rating:  (3.6) votes: 7
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The accounting information is the bases for financial planning analysis and decision making. They are needed to produce, compare and evaluate the forms of earning ability. It is also required to aid on economic decision-making. the accounting information of enterprises, firms, or companies is contained in the financial statement of accounting reports and this comprises of firms balance sheet, profit and loss accounts or income statement of sources and application of fund, statement of value-added, notes to the accounts and statement of accounting policy etc. The information contained in each of the statements and the management in decision making in diverse ways for example the statement of value-added measures, the wealth created by a business entity over a period of time and how it has been shared amongst the interest group. The profit and loss account measures the share profit which has accrued to the shareholders during a period while the balance sheet indicates the financial condition on the statement of affairs of a business at a particular moment of time or accounting period. ...
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