Management Systems & Financial Information for Decision Making Assignment

Management Systems & Financial Information for Decision Making - Assignment ExampleAdditionally, key nurture regarding revenue and companys overall performance help them in their regular decision making (Tesco, 2014a BT, 2014a).Managers and executives operate at middle level and running(a) level within a corporation. They be essentially responsible for a variety of operational, strategic and investment related decision making on a regular basis. However, all these decisions require accurate, consistent, timely and reliable financial information regarding firms activities. For instance, managers at Tesco are responsible for sales forecasting and projections and for this propose they need information such as past revenue data, sales volume and so on. Another illustration bear be, if an operational manager wishes to belittle operational cost at BT, then the manager will require information related to various general and operational expenses. Such information can be obtained only fr om the financial statements of BT (Tesco, 2014a BT, 2014a).Owners and partners are ultimately held responsible for proper functioning of a business firm. Organisations such as BT and Tesco are public corporations that are managed by group of shareholders where primary decision making is done by board of directors and chairman of the company. Board of directors including the chairman are responsible for framing strategic decision such as merger and acquisition, expansion to new market, new product development and undertaking new projects. All these activities require capital and range of future prospect for the firm. Board members generally evaluate capital structure of the company, returns on investment and overall financial position of the firm from financial introductory taking long term strategic decision. Owners are mostly interested in liquidity and solvency of a firm so that they can pay away various creditors and investors (Tesco, 2014a BT, 2014a).Organisations such as Tes co and BT have a number of