ACCOUNTING

The Role of Accounting Information in Management Decision Making

Chapter 1: The Role of Accounting Information in Management Decision Making

Eldenburg & Wolcott’s Cost Management, 2e Slide # 2

Chapter 1: The Role of Accounting Information in

Management Decision Making

Learning objectives

Q1 – What is the process of strategic management and decision making?

Q2 – What types of control systems do managers use?

Q3 – What is the role of accounting information in strategic management?

Q4 – What information is relevant for decision making?

Q5 – How does business risk affect management decision making?

Q6 – How do biases affect management decision making?

Q7 – How can managers make higher-quality decisions?

Q8 – What is ethical decision making, and why is it important?