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  2. Accounting information system - Wikipedia

    en.wikipedia.org/wiki/Accounting_information_system

    The steps to implement an accounting information system are as follows: Detailed Requirements Analysis where all individuals involved in the system are interviewed. The current system is thoroughly understood, including problems, and complete documentation of the system—transactions, reports, and questions that need to be answered—are gathered.

  3. Decision cycle - Wikipedia

    en.wikipedia.org/wiki/Decision_cycle

    A decision cycle or decision loop [1] is a sequence of steps used by an entity on a repeated basis to reach and implement decisions and to learn from the results. The "decision cycle" phrase has a history of use to broadly categorize various methods of making decisions, going upstream to the need, downstream to the outcomes, and cycling around to connect the outcomes to the needs.

  4. Management accounting - Wikipedia

    en.wikipedia.org/wiki/Management_accounting

    Management accountants (also called managerial accountants) look at the events that happen in and around a business while considering the needs of the business. From this, data and estimates emerge. Cost accounting is the process of translating these estimates and data into knowledge that will ultimately be used to guide decision-making. [5]

  5. Decision-making models - Wikipedia

    en.wikipedia.org/wiki/Decision-making_models

    Decision-making as a term is a scientific process when that decision will affect a policy affecting an entity. Decision-making models are used as a method and process to fulfill the following objectives: Every team member is clear about how a decision will be made; The roles and responsibilities for the decision making

  6. Management accounting principles - Wikipedia

    en.wikipedia.org/wiki/Management_Accounting...

    Under the Standards and Guidance section it states, "The purpose of principles-based good practice guidance is to encourage effective and efficient decision-making and the adoption of tools and techniques that can be applied intelligently within different types of organizations. Principles-based good practice guidance focuses on performance by ...

  7. Financial accounting - Wikipedia

    en.wikipedia.org/wiki/Financial_accounting

    Providing information to the users for rational decision-making: accounting as a 'language of business' communicates the financial result of an enterprise to various stakeholders by means of financial statements. Accounting aims to meet the financial information needs of the decision-makers and helps them in rational decision-making.

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  9. Decision-making - Wikipedia

    en.wikipedia.org/wiki/Decision-making

    Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. Irrational decision is more counter to logic. The decisions are made in haste and outcomes are not considered. [57]

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