COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A manager being sent a report which contains codes they do not understand is an example of information not being ____
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Complete
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Understandable
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Accurate
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Up To Date
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Explanation:
Detailed explanation-1: -What is management reporting? Management reports keep internal stakeholders “in the know” of company activities. They’re among the internal reports managers and senior executives use to run the organization, make business decisions, and monitor progress. Management reports help leadership monitor their department.
Detailed explanation-2: -Management reporting or reports are analytical tools used by managers to inform the performance of the business in several areas and departments. Senior executives and leadership use them to drive their strategic decisions and monitor business growth with real-time indicators.
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