ACC 1110 Lecture Notes - Lecture 1: International Financial Reporting Standards, Management Accounting, Financial Statement
11 Feb 2018
School
Department
Course
Professor
Document Summary
Planning: formulating long- and short-term plans: directing and motivating: implementing plans, controlling: measuring performance; comparing actual to planned performance, decision-making: resolving products to sell, services to provide, and how. Each of the following independent examples involves one or more of the four major activities carried out by managers at sights and. Sounds, a manufacturer of high-quality televisions and audio equipment for home use: planning, directing and motivating, controlling, and decision making: sales managers are developing estimates of next year"s demand for the company"s newest line of lcd televisions. This information will be used in preparing the annual budget. She is putting together a team of employees to investigate the problem. Making, to determine which employees are best suited for investigation. Decision making: the most recent monthly performance report shows disappointing results for sales of the company"s line of plasma televisions in may. It is future oriented and needs not follow international financial. Reporting standards (ifrs) or accounting standards for private.
