Decision support system (DSS)
These are information systems at the organization‘s management level that combine data and
sophisticated analytical models or data analysis tools to support decision making (specifically
semi-structured and un structured decision making).
Relevance of DSSs to management accountants:
DSSs help management accountants to make semi-structured and unstructured decisions
relating to accounting.
Uses of DSSs:
DSSs assist management accountants in:
1.Evaluating planned asset acquisitions
2.Evaluating investment options
3.Controlling organizational expenditure
4.Evaluating proposed asset disposals
5.Budget planning by enabling simulation of how the budget would look like when various
parts of it are altered.
gregorymasila answered the question on November 21, 2017 at 20:44
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Answers (1)