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Saturday, February 5, 2011

Using the right analysis tool will compensate for inexperienced managers

Solution is available here for U$15.00

ACCT205-1005B-18 Principles of Accounting I Assignment Name: Unit 5 Discussion Board Deliverable Length: 1 page Details:

At a recent meeting, one of your coworkers stated that "Using the right analysis tool will compensate for inexperienced managers." How would you reply to your coworker? Consider the following items in your discussion:
1. Do the tools help only in certain situations such as routine, daily or rather mundane decisions, like cost controls, quality controls or staffing questions (in term of number of people needed)?
2. How can analysis tools help the finance or accounting arms of a company more so than operations managers? (For example, do computers really think? Do they learn from their mistakes? Can they manipulate or change their environment?)
3. What happens if the data entered is wrong?
4. Respond to another students’ post.
5. If needed, cite references in APA format. In your own words, please post a response to the Discussion Board, and comment on at least 1 other posting. You will be graded on the quality of your postings. For assistance with your assignment, please use your text, Web resources, and all course materials.
Please refer to the following multimedia course material(s): * Unit 5: Introduction to Financial Analysis Tools * Unit 5: Four Analysis Tools * Unit 5: Vertical and Horizontal Analysis Points Possible: 75 Date Due: Sunday, Feb 06, 2011 # Objective: Understand the meaning & effects of transactions on revenues, expenses, assets, liabilities & capital # Participate in managerial decision processes requiring the input of accounting based information Submitted Files: Discussion Board Score: N/A

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