Quizz 1

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Suppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?

Managerial accounting is concerned with an organisation's internal financial procedures, while financial accounting is concerned with the organisation's dealings with its customers and other outside financial entities. Managerial accountants concentrate their efforts on short-term growth initiatives that are directly related to economic upkeep. In the context of the above, critically evaluate the five (5) roles of managerial accounting in business decision-making with examples.

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Please give goals me an example of how financial managers and accountants wirk together to achieve corporate financial

Financial management interacts with other departments of the firm and determines the future growth of the firm. Please discuss in short with some valid reasoning.

Now, consider emerging trends in business today.  How should the discipline of managerial accounting evolve to meet the changing needs of organizations?  Be specific.  Suggest specific accounting information needs that you feel managers have in the current business environment.

Analysse how ethical business practices and corporate social responsibility initiatives can contribute to long term sustanable economic development. Provide examples of how your workplace, or an organisation of your choice, can successfully integrates ethics, CSI and CSR into its current business model. Discuss the impact this will have on its financial performace and reputation.

financial literacy enrichment as a required process in support of the financial control of the company. Do you think this is a part of innovation management? Cite an example.

What Financial Perspective Objectives and Initiatives should I develop when the 3 preceeding perspectives are as follows:CustomerCustomer Satisfaction: Achieve high customer satisfaction scores by ensuring a consistent pattern of positive customer experiences at all customer touchpoints whether person to person, through voice communication, text messages, or over the internet.Internal Business ProcessDraw customers to our channels and streamline the fulfillment process to improve service speed and accuracy.Learning and GrowthDevelop a competent and motivated workforce to drive a customer-centric culture

Accounting information system (AIS) is an integral part of the total management information system (MIS) of an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does the roles of the accounting and finance professionals also continue to evolve. a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in the everchanging information systems of a business. b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is an automated system for recording, summarizing and analysing large volumes of financial data into useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS. c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads to the Ghanaian SME market.

Management accounting has the following features: Select one: O A. Future orientated focus O B. Stewardship orientation focus O C. Focus on detailed annual reports O D. Focus on decision-making needs of shareholders

Identify any corporate governance issues that hinder smooth financial management that prevail in yourcountry. The presentation mainly highlights the following issues:a) What is it?b) Where it occurs?c) Detailed threats it poses to the business market or specific organization(s).d) Suggest solutions to what can be done.

What is the importance of quantifying plan? TRUE or FALSE 1. Long-term financial plans are goals that lay out the overall direction of the company.2. For corporations, the management must establish a mechanism which will allow plans to be monitored and change from time to time.

Discuss how an organizationmight evaluate potential investment opportunities to ensure that decisions reflect the needs of the business and its financial management strategy

Creating a good public image is vital for the organizations and one of the ways is to work closely on corporate social responsibility in relation to the risk management of the organization. To achieve this goal the organization must pay attention in _____________. a. All of the options b. Providing opportunities for stakeholders to develop c. Operating within societies by keeping the sociocultural norms d. Providing financial and non-financial information

Critically evaluate whether contingency theory in management accounting is still relevant in today’s business environment. Define what is contingency theory in management accounting  -Provide the benefits (Size ,technology, strategy, culture, competitive environment).  -Challenges  --conclusion

Financial performance measures are essential tools used by managers to evaluate the financialhealth of their organization. They provide an overview of the company's financialperformance, help identify areas of improvement, and support decision making.CarniTrin is a manufacturer of Carnival costumes in a highly competitive market. Thecompany's management team is seeking guidance on the use of financial performancemeasures to identify the key drivers of the company's financial performance and develop astrategy to improve it.The following data relate to the company for the year 2019: In its clothing division, the company has $4,000,000 invested in assets. After-taxoperating income from sales of clothing in 2019 is $700,000. Income for the clothingdivision has grown steadily over the last few years. The cosmetics division has $12,000,000 invested in assets and an after-tax operatingincome in 2019 of $1,700,000. The weighted-average cost of capital for CarniTrin is 10% and the 2018’s…

The financial manager of a firm plays an important role in the company's goals, policies and financial success. Explain the major roles of the financial manager and how they are related. ( 12)

The CEO and his top managers have asked themselves two important​ questions: a. do customers value what the company is​ providing; and b. can the company make money doing​ that? This group is developing a​ ________.   A. business model   B. BCG matrix   C. competitive advantage   D. strategy

Explain three roles that effective corporate governance can play in countering the perceived short-termism in financial management decision making.

Finance can help the corporate managers in: Multiple choice question. being able to assess the financial performance of the firm being able to come up with qualitative performance measures being able to source of employment opportunities

“Financial reporting plays a key role in facilitating informed business decisionmaking and contributes to an efficient capital market”. Explain why financial reporting isconsidered important and discuss how usefulness and limitations of financial reporting inenabling shareholders to hold management accountable.

What are the latest trends and developments in the field of accounting and finance, and how can organizations leverage them to improve financial management practices? Provide examples to support your answer

Discuss how an organization might evaluate potential investment opportunities to ensure that decisions reflect the needs of the business and it's financial management strategy