Q1. Given their historical nature, financial accounts are less important than management accounts in supporting financial decision making. Do you agree?
Q2. Maximising profit is the only performance criteria needed by a profit-seeking organisation. Do you agree?
Q3. How, in your view, do the information requirements of short- and long-term decision-making differ from each other?
Q4. Why should companies look beyond profit as a form to generate organisational value?
Q5. How does the accounting function assist management address stakeholder challenges and opportunities (i.e., interest vs. power)?
Kaplan, Robert S., and David Norton (1992) The Balanced Scorecard: Measures that Drive Performance. Harvard Business Review 70, no. 1 (January–February 71–79).
Lofgren, J. (2018). Your Short-Term Decisions Could Unintentionally Create Long-Term Pain. Available from: https://www.forbes.com/sites/forbescoachescouncil/2018/08/22/your-short-term-decisions-could-unintentionally-create-long-term-pain/#28b85b4a3725 [Accessed 07 May 2020]
McLaney, E., Atrill, P. (2020). Accounting and Finance: An Introduction. Pearson, Harlow 10th Edition
Type of service: Academic paper writing
Type of assignment: Essay
Academic level: Undergraduate
Paper format: Harvard
Line spacing: Double
Language style: UK English