TAILIEUCHUNG - Pearson Education Management Accounting for Decision Makers_14

Tham khảo tài liệu 'pearson education management accounting for decision makers_14', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Appendix C Solutions to review questions Students Whether to enrol on a course of study. This would probably involve an assessment of the university s ability to continue to operate and to fulfil students needs. Other universities and colleges How best to compete against the university. This might involve using the university s performance in various aspects as a benchmark when evaluating their own performance. Employees Whether to take up or to continue in employment with the university. Employees might assess this by considering the ability of the university to continue to provide employment and to reward employees adequately for their labour. Government funding authority How efficient the university is in undertaking its various activities. Local community representatives Whether to allow encourage the university to expand its activities. To assess this the university s ability to continue to provide employment for the community to use community resources and to help fund environmental improvements might be considered. Suppliers Whether to continue to supply the university at all also whether to supply on credit. This would involve an assessment of the university s ability to pay for any goods and services supplied. Lenders Whether to lend money to the university and or whether to require repayment of any existing loans. To assess this the university s ability to meet its obligations to pay interest and to repay the principal would be considered. Board of governors and other managers Faculty deans and so on Whether the performance of the university requires improvement. Here current performance would be compared with plans or some other benchmark to decide whether action needs to be taken. Whether there should be a change in the university s future direction. In making such decisions management will need to look at the university s ability to perform and at the opportunities available to it. In principle there is no difference between the ways in which the .

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