Answer to Question #81173 in Finance for Hugh Heron

Question

Question:
What is the importance of collecting, maintaining and providing accurate financial/ resource allocation records and reports

Answer:
For the successful conduct of business, a prerequisite is the availability of accurate financial information. The quality of the organization of the process of collecting, storing and providing accurate financial reports and reports on resource allocation has a direct impact on the effectiveness of management decisions taken. That is, leads to the achievement of the company's goals and the maximization of its goals.

Feedback:
Insufficient explanation of the affect upon managers and supervisors of collecting, maintaining and providing accurate financial / resource allocation records and reports

Answer 1

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