Start studying chapter 8 financial reporting and management reporting systems.
Management reporting systems are quizlet.
The scope of a management reporting system is wide.
Management reporting systems help in capturing data that is needed by managers to run an effective business.
Designers and users of these systems.
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Reports must have value or information content.
The secondary function of the ers is to encourage leader professional development and enhance mission accomplishment through sound senior and or subordinate relationships that stress the importance of setting standards and giving direction to subordinate officer and nco.
They should reduce the level of uncertainty associated with a problem facing the.
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Called discretionary because not required but is key in dealing with agency issues.
Data could range from financial data employee headcount client accounts products client assets in custody investment performance etc.
Management reporting systems goal is to produce financial and nonfinancial information needed by management to plan evaluate and control.
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