Question
A management accounting system is an information system that produces the information required by managers to create value and manage resources. As a management account,
A management accounting system is an information system that produces the information required by managers to create value and manage resources". As a management account, you are required to propose some of management accounting information that are essential to help your senior manager make each of the following decisions:
i. You are working for a local council. Your council manager is deciding whether to extend the local library.
ii. You are working for a department store. Your senior manager is deciding on the number of security staff to employ to reduce shoplifting.
iii. You are working for a car rental company. Your senior manager is deciding whether to add luxury cars to the rental car fleet.
iv. You are working for an assembly plant. Your production manager is deciding whether to have regular maintenance performed on a machine fortnightly or monthly.
Note: any correct answers are possible since only one example is requested.
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