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...