Role of Planning and Control

steering bill Information Systems Report For Jupiter Ltd Dominique Dyer 20869355 17th April 2012 insane asylum Management bill is found within the structure of many a(prenominal) of todays successful businesses. Even non-profit organisations, such as the NHS, do counselling be systems to make decisions on alternative allocation so as to be economic,efficient and stiff in its use of finance. (Weetman, 2011). In a trading business, like Jupiter Ltd, a commission write up system send boxing increase profits by rescue the business money. BrightHouse is a similar business to Jupiter Ltd and its concern accountants moldiness analyse hearty and high profile business spends, signalise errors and eliminate blow out to result in cost savings for the business (BrightHouse, 2012). A management news tell system can tin the same service with additional benefits for Jupiter Ltd. The Role of Management Accounting In enjoin to completey explain the benefits of management account it is necessary to explain what management news opus is and the role of management accounting within a business. Accounting is the process of identifying, m and communicating fiscal information (Weetman, 2010).

In management accounting this pecuniary information is communicated directly and exclusively to the business managers. This financial information aids the managers in the day to day escape of the business and in achieving the companies strategies. Management accounting is the most effective weapon in an managers arsenal. A management accounting report informs managers allowing th em to make a plan. There are a assortment ! of plans managers can use depending on what they want to achieve. Every variation along has a mission, in the case of electrical gross sales conjunction Comet its to focus on giving customers the shell price, best pick and the best service.(Comet, 2012). To bring the companys mission statement to fruition, managers go away use strategic planning, which is...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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