Is financial accounting or management accounting more useful to an operations manager? Why?

What will be an ideal response?

Management accounting is more useful to an operations manager because management accounting reports operating results by department or unit rather than for the company as a whole, it includes financial as well as nonfinancial data such as the number or percent of on-time deliveries and cycle times, and it includes quantitative as well as qualitative data such as the type of rework that was needed on defective units. It also provides information to control operations; it measures and evaluates existing systems to identify problems.

Business

You might also like to view...

Capitalize the first letter of the first word and all main words of headings, subheadings, and _________________

a. indices b. appendices c. titles of books d. footnotes

Business

Describe the personality characteristic of Machiavellianism

What will be an ideal response?

Business