5 Examples of decisions or question that can be supported by accounting information
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Answer:
To function effectively, professional IT practitioners need not only the appropriate technical knowledge, skills and experience, but also a broad understanding of the context in which they operate. What are your approaches to ethical decision making in the IT
Explanation:
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5 Examples of decisions and questions that can be supported by accounting information:-
1) What is the response of the customers towards our company's product? Is the response positive or negative?.
2) What is the amount of unexpected loss of the inventories this year? How much of it was covered by insurance? In what ways we can reduce the unexpected loss of inventory?.
3) What is the trend of net profits and losses for the company in the past few years? Is the profit from the past years rising or decreasing? If declining, What measures should be take to increase profits and avoid losses?.
4) What is the profit percentage of similar firms in the same industry? Do we need to cut our costs to increase our profit percentage? Are there any other ways to increase profit percentage?.
5) What is the debt-equity ratio of the current year? Is it fulfilling the ideal range of debt and equity? if not, how can we improve it?.