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MANAGERIAL ACCOUNTING FOR DECISION MAKING AMIS 823 Spring 2008 Course SyllabusINSTRUCTOR: Prakash R. MulchandaniOFFICE HOURS: M/W 3:304:30pm, and by appointment OFFICE: 432 Fisher Hall EMAIL: mulchandani.3
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How to fill out managerial accounting for decision

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Step 1: Gather all relevant financial data and records such as income statements, balance sheets, and cash flow statements.
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Step 2: Identify the objectives of the decision and the specific information required to make an informed decision.
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Step 3: Analyze the financial data and records to identify key performance indicators and trends.
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Step 4: Use financial analysis techniques such as ratio analysis, profitability analysis, and cost-volume-profit analysis to gain insights into the financial performance and potential outcomes of different decision options.
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Step 5: Consider non-financial factors that may impact the decision, such as market conditions, competitive factors, and legal/regulatory requirements.
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Step 6: Develop alternative courses of action based on the financial and non-financial analysis.
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Step 7: Evaluate the potential outcomes and risks associated with each alternative.
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Step 8: Make a decision based on the analysis and evaluation of the alternatives.
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Step 9: Monitor and review the results of the decision to assess its effectiveness and make any necessary adjustments.
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Step 10: Document the decision-making process and the rationale behind the chosen course of action.

Who needs managerial accounting for decision?

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Managers and executives in organizations who are responsible for making strategic business decisions.
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Investors and shareholders who rely on financial information to evaluate the performance and potential of a company.
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Financial analysts and consultants who provide guidance and recommendations to organizations based on financial data and analysis.
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Government regulators and policymakers who use managerial accounting information to assess the financial health and compliance of businesses.

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Managerial accounting for decision is the process of identifying, measuring, analyzing and interpreting information to help management make informed business decisions.
Managers and decision makers within an organization are required to utilize managerial accounting to make informed decisions.
Managerial accounting for decision can be filled out by gathering relevant financial and non-financial data, analyzing it, and presenting it in a format that is easy to understand for decision makers.
The purpose of managerial accounting for decision is to provide management with relevant information to make strategic business decisions that will help the organization achieve its goals.
Information such as costs, revenues, profits, budgets, forecasts, and performance measures must be reported on managerial accounting for decision.
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