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Pages:
1 page/≈275 words
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1 Source
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Topic:

Accounting: TOOLS OF ANALYSIS (Essay Sample)

Instructions:
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: 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)? 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?) What happens if the data entered are wrong? Respond to another students' post. If needed, cite references in APA format. ****NO WIKIPEDIA**** source..
Content:
Running head: ACCOUNTING: TOOLS OF ANALYSIS
Accounting: Tools of Analysis
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Tools of Analysis
Businesses have the capability to gauge the performance and profitability of a business by using robust and the right tools of analysis. Examples of these tools include financial statements like balance sheet s and cash flow statements, financial ratios and other computer applications. These tools of analysis are helpful to the business organizations as they act as benchmarks upon which important decisions of the business are made. These tools of analysis help business managers to gauge the financial position of businesses in terms of assets expenditure and liabilities. This information is necessary in making decisions by businesses as it influences the decision that will be made by the business. These too...
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