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Contributions of Managerial Accounting

  • Date Submitted: 04/23/2014 04:49 PM
  • Flesch-Kincaid Score: 39.1 
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Contributions of Managerial Accounting
For this problem, I looked at Sears Holding Corporation.   Managerial accounting has contributed to the company’s financial goals in a couple of different ways.   First it has provided an avenue to showcase where the company wants to focus its attention such as on ways to provide value and convenience, such as, through their membership program and their Integrated Retail.   Managerial accounting has also allowed Sears Holding Corporation to be more strategic in how they are investing their money, such as, finding new capacities that allow the member access to the widest possible assortment of products and services that Sears offers, with such programs like, Shop You Way.  
Through reports and data analysis Sears Holding Corporation can learn each day how people want to shop and what resonates with them.   Sears Holding Corporation also uses data and analysis on member trends to make targeted offers and decisions delivered in real time.   Managerial accounting has provided Sears Holding Company with the tools and data needed to explore strategic alternatives to their business, such as, separating from Lands’ End.   The information collected has shown that, with this separation, the company would be able to improve their financial flexibility.   The separation will in turn make the company more focused and more efficient to manage with an outcome in which the company hopes will potently enhance Sears’s profits.
Sears Holding Corporation uses managerial accounting to contribute to the company’s financial goals by using the accounting information provided to make the best informed decisions for the company.
References:
2013 Annual Report. (n.d.) Retrieved from http://www.searsholdings.com/invest/financial_info.htm

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