Advertisements
Advertisements
Question
Enumerate informational needs of management
Answer in Brief
Solution
The informational needs of management are concerned with the activities given below.
1. Assists in decision making and business planning
2. Preparing reports related to funds, costs and profits to ascertain the soundness of the business
3. Comparing current financial statements with its own historical financial statements and of other similar firms to assess the operational efficiency of the business.
shaalaa.com
Introduction to Accounting
Is there an error in this question or solution?
