Hrm/531 Week 4 Managerial Accounting

Making decisions as a manager can impact a company or business in a positive or negative manner, so it is imperative that managers make the best decision with the information they are given. As a manager, accounting provides the necessary data used in implementing long term solutions as well as effective decision making in focusing effort (Freedman, 2015). Through managerial accounting BSE Veterinary Services will get a data-driven view of how the cattle testing demand is increasing and what it means as far as growing their business. Also, by utilizing the given data, BSE will be able to make decisions that will have a positive impact on the future developments of their services and what it means for their profits and employees. Before committing to a decision, one must understand managerial accounting and how to apply it. Managerial accounting takes a look at past and …show more content…
Focus groups, like future operations assist the overall decider in making the ultimate decisions and being able to stand firm that they have made the best possible decision based on the information available. Future operations facilitate the operations process which is the Army’s framework for exercising mission command. Members, just like those of a focus group are able to visualize and conceptualize the plan, accurately describe potential bottlenecks in the process and direct a successful outcome through collaboration. Through talent management, or the right person for the right job, planners can build and maintain a situational understanding and apply critical and creative thinking. This along with the right facilitator encourages collaboration and dialogue and will provide a viable solution to complex