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Comment about this post. In recent years, technology has dramatically impacted how managers make decisions. With improved technology, managerial accountants have been able to perform
Comment about this post.
In recent years, technology has dramatically impacted how managers make decisions. With improved technology, managerial accountants have been able to perform their jobs more effectively and accurately. Information systems provide accurate and up-to-date information to empower decision-makers to make the right decisions (How information technology helps decision making?, 2022). information systems can also keep track of financial statements, including balance sheets and income statements, for investors and lenders to use in their decision-making process (How information technology helps decision making?, 2022). Having everything at your fingertips makes the decision-making process much more efficient. MIS is another advancement in technology, and it can change the direction of management (Admin, 2020). MIS is a system that reports to management and shows who is struggling. It can help decide who needs more focus and help management choose to terminate or replace the poorly performing team (Admin, 2020). Technology can help managerial accountants with problem-solving, allowing more focus to present and future goals, helping overall effectiveness, and facilitating efficient and timely managerial planning.
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