Discussion Coursework Example | Topics and Well Written Essays - 250 words - 30

Discussion - Coursework ExampleThrough this technique, our company are able to identify costs which are not necessary or not justifiable and enables our company to do something about this thereby improving our financial by reducing unwanted cost. For example, one department cost a chance to operate so our company decided just to outsource the operation because it is cheaper to do so.Our companys financial statements are able to identify mesh centers and helps our top managers to direct the companys resources to maintain and bolster our revenue. Thus, in developing cash budgets and capital expenditures, the resources that the company I work for allocates is justifiable with the time value and revenue it generates for the organization.In sum, the techniques in managerial accounting enables the decision makers in my company to reduce cost by identifying operations and activities whose cost are indefensible thereby making our operations more efficient. It also helps our decision make rs where to allocate our resources where it could generate the utmost value and revenue for the