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Unformatted text preview: The balance sheet shows profit against debts and gives you the overall view of the company money flow. Information provided to managers would be the profit and loss of the department in which they would be in charge of. For example, I work for a retail company. I get statements that show what products are selling well and which ones are not. This allows the company to overstock the "popular" items and buy less of the items not selling. It can also show the mark up on certain products. Products with a high mark up hopefully will sell more than the products with a low mark up. However, one department that may be a little different would be the electronic department. Game systems for example, have very little mark up, but the games for the system have a huge mark up, so if the game system is sold, the consumer needs the games that will show future sales and future profit....
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This note was uploaded on 09/15/2011 for the course ACC 280 ACC 280 taught by Professor Acc280 during the Spring '11 term at University of Phoenix.
- Spring '11