Tag Archives for " decision making "

What is managerial accounting?

What is Managerial Accounting? Also called cost accounting or management accountancy, managerial accounting deals with compiling information to allow managers to make decisions and plan for future business

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Short-term decision making and relevant information

Managers make lots of short-term decisions. We will begin looking at how managers make decisions and how to determine if information gathered is relevant to the process. The decision making process When

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Keep or Drop: Discontinuing products, departments, and locations

Sometimes when a business sees that a product, department, or location is losing money, the first reaction is to shut it down. Discontinuing operations is a decision that should only be taken after careful

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