Most companies must now adapt to operating in a globally competitive environment. E-commerce is taking hold and is certain to be the norm of the future. Governments have established trade arrangements (including the General Agreement on Tariffs and Trade, European Union, and North American Free Trade Agreement) to reduce tariff barriers and foster global competition. Although an open global business environment provides new opportunities, it often creates greater risks (strategic, operating, financial, and information) and requires knowledge of and adherence to differing legal requirements. Additionally, the ethical norms may vary by location, but a solid corporate code of ethics should help a company operate in a consistent, moral way throughout the world.
Accounting provides important information for an organization’s management. Strategic resource management links organizational strategy to resource deployment. SRM’s key focus is the value chain, or the string of activities that convert organizational inputs into outputs. The accounting information system is comprised of the cost, financial, and management accounting functions—all of which provide
essential information that supports strategic resource management.
Accounting provides important information for an organization’s management. Strategic resource management links organizational strategy to resource deployment. SRM’s key focus is the value chain, or the string of activities that convert organizational inputs into outputs. The accounting information system is comprised of the cost, financial, and management accounting functions—all of which provide
essential information that supports strategic resource management.
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