ACTG 2020 Quiz: management acc book summary notes pt1
Document Summary
[lo1] segments of an organization (rather than the organization as a whole), is not governed by generally accepted accounting principles, and is not mandatory. [lo2] provide assistance to others inside the organization. [lo3] through those processes in response to customer orders. The result is lower who works for whom in the organization, and which units perform the various: most organizations are decentralized to some degree. An organization chart depicts staff and line functions. Professional accounting organizations also inventories, fewer defects, less wasted effort, and quicker customer response times. [lo4] software system that makes the same data available to all managers. Risk management involves proactively identifying and managing key risks faced by an organization. [lo4] have their own code of professional ethics to provide guidance for members, regardless of their place of employment. As an extension of the concept of organizational ethics, many companies have embraced corporate social responsibility, whereby the needs of numerous stakeholders are considered when making decisions.
