Guillermo Furntire

Guillermo Furniture Store and invoice ACC 561 24 October 2010 Successful business attention relies on competent understanding of many skills; one of the roughly critical ones is accounting. A businesss performance cigarette quickly be assessed by reviewing balance sheets, and these cater information to a manager for many critical decisions that they must draw and quarter throughout the course of their career. In this paper, we willing briefly get word whatsoever of the ways that accounting affects business operations. Guillermo Furniture Guillermo Furniture is a successful corporation in Sonora, Mexico; which for the past few years has enjoyed success as a maker of handcrafted custom furniture. However, draw from competition, especially a modern international company, has caused a hearty decrease in sales and profits. The owner-manager, Guillermo Navallez, must make some great decisions regarding the future of his company. In this paper, we will examine some of the factors that are influenced by accounting. Decision Making Senor Navallez is faced with some important decisions, which will be influenced by the information he receives from his accountants. Accounting systems are critical for business managers.

The system must provide accurate, timely reports in a form useful to managers. If managers do not use accounting reports, the reports cannot improve decisions (Horngren, 2008, pg. 11). In evaluating the companys current fiscal status, Senor Navallez will review not past performance, but forecast future performance, and the possible reactions from his competitors. Secondly, he should use the information to evaluate how not only how his competitors will react, but also the reaction from his employees, and the community, to the decisions he makes. Performance Evaluation As Horngren (2008) states management accountants must understand related disciplines, such as economics, the decision sciences, and the behavioral sciences, to make intelligent... If you want to get a full essay, order it on our website: Ordercustompaper.com

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