Accounting information is not the only basis for making strategic decisions in businesses.Discuss any other p?

Question

accounting information is not the only basis for making strategic decisions in businesses.Discuss any other possible advantages and disadvantages.

Answer 1

advantages/disadvantage.... helps you keep track of the flow of money and production (good if done properly and bad because then you have someone taking home something of yours)

Answer 2

Accounting Information or Standards are the standards kept to be fulfilled while preparing a balance sheet at a particular firm or company. This do not relate to any decisions taken by the management of the particular co or firm to the accounts of the company. The decision can be for any thing like for to issue a tender, except a tender, how to carry or increase the company's work and income, regarding staff and labours. All this things do not relate to accounting and hence to the standards or information

Answer 3

Hi friend,
"The basic purpose of accounting is derivation of information."
The more information we need the more accounting heads you have to maintain.
The motive of business is gain profits.
How to you know how much profit is obtained in the relevent period. or in this year with out accounting or recoarding.
This is just for thinking one of the possible side.

The more information and for better understnding in accoutns and for any doubts seeee

http://www.futureaccountant.com/