Investments Management
November 4th, 2007
Question: how are It Investments justified/evaluated from the management accounting perspective?
generally, management accounting has a very large scope. but i’d like to know how is it used to evaluate/justify It Investments… please help. thank you!
Answer: IT is there to have the business/company become a more efficient, low cost, more manageable, well oiled environment.
basically management investment decisions is determined by:
-how it will benefit the company
-how cost effective technology would contribute to the company by software/hardware that reduces workload, unnecessary overhead, a more efficient system of information storage.
basically overall.. IT investing is determined by how IT can help save money for the business, as well as making the company run efficiently.
Investment Management Series: Lyle Fitterer
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