Unit 3 DB - Unit 3 Discussion Board Tammi Pierce American...

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Unit 3 Discussion Board Tammi Pierce American InterContinental University Recently, I have been hired as the CFO of a new company and am determining the company's accounting needs. My first order of business is to explain to my staff at least 2 ways in which accounting data is used to make business decisions. My second order of business is to explain at least three related accounting terms or theories. I will begin the briefing by introducing myself and a short amplification of my qualifications. There are many ways in which accounting data are used to make business decisions. I will explain and review at least two different ways. Costs, prices, sales volume, profits, and return on investment are all accounting measurements. The primary objective of accounting is to provide information that is useful for decision making purposes. Investors, creditors, managers, and others who have a financial interest in an enterprise need a clear understanding of accounting terms and concepts if they are to understand and communicate about the enterprise. (Accounting Information, 2008). Small business stated that “Accounting is not an end, but rather it is a means
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This note was uploaded on 01/01/2012 for the course ACCT 205 taught by Professor Wendyw.achilles during the Spring '10 term at American InterContinental University.

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Unit 3 DB - Unit 3 Discussion Board Tammi Pierce American...

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