KnS ACCA Wing

_______________________________________________________
_______________________________________________________
_______________________________________________________

Chapter 8 Page 1 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 2 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________

Chapter 8 Page 3 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________

__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________

Chapter 8 Page 4 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 5 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 6 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Internal Reports

Chapter 8 Page 7 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 8 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 9 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 10 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Chapter 8 Page 11 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________

Chapter 8 Page 12 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

 Financial planning systems – it enables managers to evaluate alternative ways of

achieving goals. The objective is to find the optimal way of achieving the goal. For
example, the net profit for a business is calculated using the formula Total Sales less
Example

(Cost of Goods + Expenses). A financial planning system will enable senior executives to
ask what if questions and adjust the values for total sales, the cost of goods, etc. to see the
effect of the decision and on the net profit and find the most optimal way.
 Bank loan management systems – it is used to verify the credit of the loan applicant and
predict the likelihood of the loan being recovered.
Chapter 8 Page 13 of 15 From the Desk of Sir Munib
 KnS ACCA Wing

Advantages and Disadvantages:

____________________________
___________________________
____________________________

Chapter 8 Page 14 of 15 From the Desk of Sir Munib

 KnS ACCA Wing

Tutor’s Note:

Chapter 8 Page 15 of 15 From the Desk of Sir Munib