Assignment for Business Economics and Finance
4 pages (1000 words)
2004). The accountant’s notion of economics, however, may not exclude the notion of “externalities” and “opportunity costs” that are usually factored in the usual economic analysis economists (Stiglitz 2001). Meanwhile, an important accounting is managerial accounting which “is the process of identifying, measuring, analyzing, interpreting, and communicating information in pursuit of an organization’s goals” (Hilton 2010, p.