The report focuses on the use of ratios to assess Rio Tinto’s financial performance in 2015 and 2016. The Ratio analysis helps with outline the business financial performance helping improve future investment and growth planning.
Management accounting is imbibed in the organization and drives the organization leading to a smooth decision-making process. Hence, it is essential that the organization need to know about the management accounting information and their proper utilization.
Management accounting is concerned with evaluation of the different kinds of expenditures generating in the business operations of the organisation. In this regard the business operations related to preparation of the financial statements, internal reports and other sorts of accounting techniques are to be used (Chenhall & Moers, 2015).
Enrich your understanding about development of positive accounting theory with the help of the sample paper from Totalassignmenthelp.com. The paper will bring to light the contribution made by Watts and Zimmerman highlighting the grey areas.