General Ledger and Reporting Systems

Addresses the record arrangement of the monetary information of a specific organization or business

Used to address outlines of comparable and unique accounts, and distinguishes the monetary sums and affected accounts

Group responsible for generating sales

Group responsible for revenue and expenses

Other term for management reporting

Refers to the number of subordinates directly under his/ her control

Concerned with making decisions about future activities

Tactical planning decisions are made by?

Strategic planning decisions are made by?

Strategic planning decisions are often recurring

Tactical planning decisions have more certain outcomes rather than strategic

Uncertainty surrounds management control decisions because they are inseparable with their operating unit

3 basic elements of operation management

Problem structure elements

This kind of reporting is created as needed

Situation which people in every organization shares the same goal

Occurs when managers receive information more than they can utilize

This kind of decision have a lesser impact to the firm