Managerial Accounting

Manhattan Family Dentistry

Details	Amount	Amount
Current assets
Cash	40,000
Accounts receivable	15,000
Bank	60,000
Total current assets		115,000
Non-current assets
Building		225,000
Land		190,000
Equipment		73,000
Total assets		603,000
Liabilities
Accounts payable	15,000
Notes payable	60,000
Total liabilities		75,000
Owners’ equity
Common stock		528,000
Total liabilities and owners’ equity		603,000

In addition to the financial information presented in the balance sheet, there are several non-financial information that could be requested for managerial decision making. The first information that could be requested is the relationship with the customers and the employees. The report on the relationship between the firm and other stakeholders will help in determining the possible life cycle of the organization. The second non-financial report that may be useful in decision making is the number of defect products. The number of defects products will help in determining the competence of the employees and the quality of the technology used. The last information is the number of sales per financial period. The number of sales will also help in giving information on the effectiveness of the sales department (Cardinaels & van Veen-Dirks, 2010).

References

Adrian, T., & Shin, H. S. (2011). Financial intermediary balance sheet management. Annual. Rev. Finance. Econ., 3(1), 289-307.

Cardinaels, E., & van Veen-Dirks, P. M. (2010). Financial versus non-financial information: The impact of information organization and presentation in a Balanced Scorecard. Accounting, Organizations and Society, 35(6), 565-578.