Description
Excelic Press LLC Accounting and Business Management 2021 by Ulyssa Apted
Accounting and Business Management is a broad and dynamic discipline. It analyses how an organization uses both its tangible and intangible resources and provides the information which organizations need to make decisions on the deployment of those resources efficiently and effectively. Accountants, for example, can be involved in roles as diverse as costing products or services, finding ways to organize production processes to reduce resource consumption, determining the profit a business is making or recommending whether to acquire or divest business units.
Business interacts with a vast network of stakeholders in society. Whether they are shareholders, employees, customers, suppliers, competitors, governments or the communities in which they operate. Each is affected economically by the strategies, operations and financial performance of a business. Accounting and Accountants seek to improve the economic wealth and welfare of those groups by identifying, analyzing and communicating relevant financial and non- financial information to enable informed decision making to take place about business.