HR (Mana Acct 1_1_1)

U1_1_1DiscussionDetails.docx

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Assignment Details:

Financial statements are the primary means of communicating financial information to users. It is important to have a firm understanding of the income statement, balance sheet, and statement of cash flows. Managers will make decisions daily that will influence the elements of the accounting equation: Assets = Liabilities + Owners’ Equity. Managerial accounting reports use these same financial statements but also incorporate non-financial information that will assist internal users in making strategic and tactical decisions. For this reason, it is important for you to understand how decisions will affect the accounting equation.

The following spreadsheet is for Manhattan Family Dentistry on January 1 of the current year.

Based on the information recorded in the balance sheet you completed in Submission Lesson - 1, in 2-3 pages, what non-financial information could be requested for a managerial report to be used for internal decision making?

Deliverable Length: 2-3 pages