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Managerial accounting information is not just for accountants. All areas within an organization can ...
Managerial accounting information is not just for accountants. All areas within an organization can use the information to support decision making. For each of the following positions, list three decisions the manager might have to make and give an example of a report that would help the manager in the decision-making process.
a.
Human resources manager
b.
Purchasing manager
c.
Engineering department
Textbook
Managerial Accounting
Edition:
4
th
Author:
Davis
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Answers will vary.
Common examples may include the following.
a.
Human resources manager
Is pay equitable for similar positions? Report of employee salaries by position.
Are the salaries authorized and paid correctly? Report of authorized salaries and gross salaries by employee.
Are any individuals being paid twice? Report of employees showing social security number, address, name, date hired, and authorized hiring personnel.
b.
Purchasing manager
Have all orders been received? Report of open purchase orders.
Have all requisitioned materials been processed? Report of requisitioned materials.
c.
Engineering department
Is quality of material acceptable? Report of defective units
Does engineering software need to be updated? Analysis of cost of software company support costs.
Does product meet regulatory specifications? Analysis of regulatory requirements.
This verified answer contains over 230 words.
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Ashurbanipal
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Smart ... Thanks!
hannahspillett
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Brilliant
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joyceess
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Helped a lot
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