Explain how accounting information is used in personal decision-making process
By terzetteasimpo, Updated
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I need help grow my business. I wonder if they could see that it's worth investing in.
I think they will analyze my income statements, balance sheets, and more to determine whether or not it has potential.
Accountancy can support the decision making process and management activity. The objective of an accounting system is to provide financial information concerning the studied company.
Well I have looked over your financial forms, and I am impressed. I can definitely allocate my resources within your business.
My finance statements for my company have been reported, so everything is authentic. What do you think ?
Accounting information is used in personal decision-making process to allocate resources.
Because of my financial analysis, I will now have more resources to give my services to more people in town.
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