Managerial Accounting Information Is Not Just for Accountants

question 12

Essay

Managerial accounting information is not just for accountants.All areas within an organization can use the information to support decision making.For the following positions,list three decisions the manager might have to make and give an example of a report that would help the manager in the decision making process.
a.Human resources manager
b.Purchasing manager
c.Engineering department

Comprehend the components and organization of a typical cell.

Relate cellular organelle functions to biological processes and cellular activities, including ATP synthesis and protein synthesis.

Understand the basis of genetic disorders and their effects at the cellular level.

Explain the role of osmosis and the movement of water relative to solute and ion concentrations.

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Definitions:

Consolidation Worksheet

A tool used in accounting to merge the financial statements of a parent company and its subsidiaries.

Inventories

Resources allocated for trading within normal business practices, including those being prepared for sale or as materials and supplies meant for depletion during production or in service rendering.

AASB 10

The Australian Accounting Standards Board regulation that sets out the requirements for preparing and presenting consolidated financial statements when an entity controls one or more other entities.

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as if the group were a single economic entity.