ADMN 3121H Lecture Notes - Lecture 1: Enterprise Resource Planning, Corporate Social Responsibility, Management Accounting
30 Mar 2020
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Chapter 1: the accountant"s vital role in decision making. Identify the five steps of decision making the role of relevant accounting information decisions: distinguish among corporate governance, professional codes of conduct, ethics, and corporate social responsibility. Provides information on the accumulation and recovery of cost: costs are collected, categorized, summarized and analyzed to aid in decision making regarding the activities, businesses, and functional areas. Mis (management information systems: a database that stores information in a way that allows departmental managers to access information as they need it. Erp (enterprise resource planning systems: comprehensive, custom database that integrates data and provides managers with reports that highlight the interdependence of different business activities. Includes the activities of identifying, reporting, and analyzing all costs of operations: wide ranging of decision to be made from the quantity and/or quality of materials used to whether to shut down entire operation.
