Question

How accounting systems to respond to financial problems?

Answer 1

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Strategic planning: Applying PEST, SWOT, balance scorecard or Porter's Five Forces analysis to the financial position of an organisation. Identifying financial problems: Using benchmarks, key performance indicators (financial and non-financial) and budgetary targets to identify variances and problems.

Answer 2

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Strategic planning: Applying PEST, SWOT, balance scorecard or Porter's Five Forces analysis to the financial position of an organisation. Identifying financial problems: Using benchmarks, key performance indicators (financial and non-financial) and budgetary targets to identify variances and problems.

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