Thursday, August 29, 2019

Discussion Coursework Example | Topics and Well Written Essays - 250 words - 30

Discussion - Coursework Example Through this technique, our company are able to identify costs which are not necessary or not justifiable and enables our company to do something about this thereby improving our financial by reducing unwanted cost. For example, one department cost a lot to operate so our company decided just to outsource the operation because it is cheaper to do so. Our company’s financial statements are able to identify profit centers and helps our top managers to direct the company’s resources to maintain and bolster our revenue. Thus, in developing cash budgets and capital expenditures, the resources that the company I work for allocates is justifiable with the value and revenue it generates for the organization. In sum, the techniques in managerial accounting enables the decision makers in my company to reduce cost by identifying operations and activities whose cost are unjustifiable thereby making our operations more efficient. It also helps our decision makers where to allocate our resources where it could generate the utmost value and revenue for the

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