acct205db3 - <name removed to preserve anonymity>...

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<name removed to preserve anonymity> ACCT205 AIU Online Discussion Board Project 3 How Accounting Data is Used in Business Decision Making Nearly every business decision that is made, regardless the department or expected impact, relies on data derived from Accounting Data in some form (AIU Online, 2011). For good decisions to be made in a Business, the organization needs to know where they stand financially (AIU Online, 2011). There are two essential uses of accounting data that we will focus on in this discussion (FRBNY, 2003): 1. Identifying Investment Opportunities. Accounting data is used to help identify promising investment opportunities for the organization. High quality financial accounting enables managers (and investors) to identify where value creation opportunities exist, with less potential for error (FRBNY, 2003). 2. Directing resources projects identified as "good". By disciplining management to avoid directing resources to projects that benefit themselves rather than benefit the
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This note was uploaded on 01/08/2012 for the course ACCOUNTING 205 taught by Professor Sunnyonyiri during the Summer '10 term at AIU Online.

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acct205db3 - &lt;name removed to preserve anonymity&gt;...

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