Using the accounting system and other systems, the controller provides information for planning a company’s future and for controlling its activities. This information goes far beyond the basic financial statements. Investors, government agencies, and other external parties also receive information by which management’s effectiveness may be judged. This information is usually communicated to external users by means of quarterly and annual reports that include financial statements but lack the depth of explanatory detail available to internal decision makers.
1-3 the Cost Department
The cost department, under the direction of the controller, is responsible for gathering, compiling, and communicating information regarding a company’s activities. This
Using the accounting system and other systems, the controller provides information for planning a company’s future and for controlling its activities. This information goes far beyond the basic financial statements. Investors, government agencies, and other external parties also receive information by which management’s effectiveness may be judged. This information is usually communicated to external users by means of quarterly and annual reports that include financial statements but lack the depth of explanatory detail available to internal decision makers.1-3 the Cost Department The cost department, under the direction of the controller, is responsible for gathering, compiling, and communicating information regarding a company’s activities. This
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