Comment on whether the quality of the management accounting information you have described achieve the objective of maximizing the firm value. Your comment on the quality of the management accounting information should be based on the attributes of accuracy, timeliness and cost of producing the information
Organisations exist to create value either for their owners and (or) stakeholders.
In decision-facilitation, the management accounting information provides relevant information and (or) knowledge to decision makers to make informed decisions. The management information can also influence decision making by incentivise desired actions from decision makers to make decisions that are in line with maximising organizational value.
Question:
1. Comment on whether the quality of the management accounting information you have described achieve the objective of maximizing the firm value. Your comment on the quality of the management accounting information should be based on the attributes of accuracy, timeliness and cost of producing the information
2. Discuss possible improvements to the quality of the management accounting information that the company can adopt.
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