Our Financial and Managerial Accounting Course is designed to give Owners and Managers a real world understanding of the numbers side of their enterprises. In discussing the accounting concepts that are so important to the continued success of your company and your career, we provide a deeper understanding in non-technical language of the accounting issues that affect today’s management decisions.
View the video now!
Financial Reporting and the Standard Accounting Practices provide Accounting Information which is by its very nature limited. If you are going to understanding and use Accounting Systems properly, then you must have a reasonable expectation of want they can and cannot do for you and your company. Can they tell you how happy your customers are with your product or service? Can they tell you whether or not your customers plan on returning? Can they tell you what changes need to be made in your product or service in order to improve your enterprise? Of course not. Having a basic understanding of the Limitations of Financial Accounting and Accounting Limitations in general is one of the keys to management.
Limitation of Financial Accounting