Discuss th information, which accountant can provide management may use to improve profitability?

Question

Discuss th information, which accountant can provide management may use to improve profitability?

Answer 1

Accountants report expenditures and income for the organization.  Depending on the detail of the report, one could categorize with lots of variables, like property owned, property leased, shipping costs, employee salaries, medical coverage, and so on.  Often when management wants to cut costs, they can then look at the financial history of the organization or company to determine changes and especially unnecessary and unwarranted expenses.