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How is managerial decision making affected by financial accounting reporting? Give your opinion

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How is managerial decision making affected by financial accounting reporting? Give your opinion


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The managerial decision making is not affected by financial accounting reporting. Financial accounting reporting is used for external reporting purpose to meet the requirements of various stakeholders like investors, bankers, tax authorities, etc. But managerial decision making is internal based for day to day operations of the organisation. Hence another branch of accounting that is management accounting is used for various managerial decision making purpose. The information provided by financial accounting doers not help in day to day decision making and hence has no impact.

Some of the examples of various managerial decisions made on day to day basis are

· Launching new products and pricing policies

· Operating decisions like make vs. buy, acceptance of special order, sell or process further, continue or discontinue of products or divisions, etc

· Evaluation of various investment alternatives

· Estimating profitability at various levels of activities

.

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