Week 11 Tutorial.docx - WEEK 11 ACC20007 TUTORIAL WORK REVIEW QUESTIONS 19.4 ‘'AII decisions have long-term implications so the distinction between

Week 11 Tutorial.docx - WEEK 11 ACC20007 TUTORIAL WORK...

This preview shows page 1 - 2 out of 3 pages.

WEEK 11 ACC20007 TUTORIAL WORK REVIEW QUESTIONS 19.4) ‘'AII decisions have long-term implications, so the distinction between tactical decisions and long-term decisions is meaningless.' Do you agree or disagree with this statement? Give your reasons. Tactical decisions do not usually require significant or permanent resource commitments and can be changed or reversed if better opportunities arise. Tactical decisions may have an impact in the short-term but are unlikely to have long-term implications. Incremental revenues and costs are usually analysed to assist in making tactical decisions. Long-term decisions tend to be more strategic in nature and involve large increases or decreases in capacity-related resources. They are not easy to reverse and often rely on analyses that consider the time value of money. Due to their differing operational implications and the key foci of their analysis it is helpful to differentiate between tactical decisions and long-term decisions. 19.6) ‘Accounting systems should produce only relevant data and forget about the irrelevant data. Then I’d know what was relevant and what wasn’t!’ Comment on this remark made by a company managing director.
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 3 pages?

  • '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors