ACC 564 WEEK 1 DISCUSSION 1
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- Firms realize that in order to make money, they have to
invest money. This can be attributed to the information that the firm
relies on. As discussed in the text, there are seven characteristics of
useful information. From the first e-Activity and assuming that you are
new CFO of Strayer University, identify the top-three characteristics you
would rely on the most for improving the profitability of the firm.
Provide an example of how each characteristic would directly help the firm
in terms of profitability.
- On the other hand, public and private firms are
accountable to a wide range of regulators and stakeholders. Of the seven
characteristics, identify the top three that would be applicable to
meeting the needs of regulators and stakeholders. Provide an example of
how each characteristic would directly help the firm in terms of meeting
the needs of these key regulators and stakeholders.
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