Accounting Principles

Accounting tools of analysis
In an effort to stay one step ahead, companies collect large amounts of data ranging from demographics, buyer behavior and customer loyalty to financial and operational data, but the data becomes useless for decision making or intended purpose when there is no proper tools put in place to help in organizing and displaying them into meaningful information, so when one says “sing the right analysis tool will compensate for inexperienced managers” he is very right (Lauer et al, 2011).
According to Bhavana and Quist (2012) highly useful accounting tools help business owners and managers to analyze and asses the strengths and weaknesses of their business and in…..

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