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Tuesday, May 16, 2017

Assignment Help on Role of Accounting Information in Business Decisions

Use of Accounting Data in Decision Making

As the CFO of the company our assignment help experts explained following ways of accounting data that are used to take decisions and three accounting terms. Accounting information is needed for any financial and economic decisions. Knowledge of accounting concepts, standards and
measurement system is very essential for decision making. Accounting data are focused on the recording of past actual events. The transactions are recorded, measured and reported (Jackson, Sawyers & Jenkins, 2008). Past data are used as a guide to future estimates of different alternatives. Accounting data and information are used to make budgets and internal and external decisions. Apart from this, accounting information is used to make better decisions for resource allocation (Jackson, Sawyers & Jenkins, 2008). This information is used by internal and external decision makers for investigating, interpreting and communicating financial results.

Three Accounting Terms

Consistency is the accounting theory that should be applied in future accounting periods. This method can be changed due to valid business reason. New method will be followed for all accounting cycles and it will never affect on the accounting cycle (Schroeder, Clark & Cathey, 2010). Conservatism is another accounting term. It states that all liabilities are accounted, when there are chances that they will not occur and revenues are accounted only when they have occurred. Liabilities are important for decision makers in creating wise decisions (Schroeder, Clark & Cathey, 2010).

Materiality is the term that focuses on relevant and important facts of accounting. In this, monetary information is material and non monetary information is immaterial. Only monetary transactions are recorded and non monetary information is included in the financial statements, when the information is needed by investors to evaluate the company (Schroeder, Clark & Cathey, 2010). At the same time, transactions that not affect income in the present time but may effect in the future, are recorded in the financial statements.

References

Jackson, S. R., Sawyers, R. B. & Jenkins, J. G. (2008). Managerial Accounting: A Focus on Ethical Decision Making. USA: Cengage Learning.

Schroeder, R. G., Clark, M. W. & Cathey, J. M. (2010). Financial Accounting Theory and Analysis: Text and Cases. USA: John Wiley and Sons.

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Thursday, March 9, 2017

Online Foreign Marketing Features Assignment Help

Special Features of Competing in Foreign Market

As per assignment help experts, a business can perform its business operations in the foreign market, if it is capable to compete with other international organizations. There are some special features of
competing in the foreign market. First, capability building is an especial feature that helps the company to compete in the foreign market, because it affects the ability to make sales (Mitschke, 2008). For new marketer, it is important to improve the credibility to compete in the market. In addition, the other feature of competing in foreign market is to work with other partners such as consumers, main suppliers, third party endorsements and distributors.

At the same time, the companies also use testimonials in the foreign market that increase the trust of people in the business. The businesses reassure testimonials from the previous consumers that increase the credibility of the company, because people will do business with the company with decreasing risks (New Zealand Trade & Enterprise, 2012). In the foreign market, the capacity and capability of the organization also increase due to having backup suppliers, outsource some production and lease additional production equipment. It is important thing to compete with the rivals in the international and foreign markets.

Along with this, the business also has a robust export business plan to compete with competitors in the foreign market. The business spends some time to work with the business plan to take competitive advantages and sustain in the foreign market. This business plan anticipates issues before arising them that requires skills, finance and infrastructure. In addition, the business also prepares finance for its operations (Wilson, 2010). The finance can be made more effective by making a cash flow forecast that helps to determine the cash inflows and outflows of the company in the future. It is also important to avoid overtrading situations of the organization from the foreign market.

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