Fully describe 2 separate inputs an accountant may ask front-line managers for, in order to help the accountant create

accurate accounting information

 

Two separate inputs that an accountant may ask front-line managers that will help the accountant to create accounting information in an accurate manner are:

·        Inputs related to the quantity or the expected quantity that the front line manager expects that his/her department will be selling in a given period like a month or a quarter etc. This will also be supplemented by input related to expected sale price per unit of the goods sold. This input point will help the accountant to create budget and/or make accounting inputs related to topline of each department and then the overall organization.

·        Inputs related to the direct costs as well as indirect costs that the front line mangers are expecting to incur. For instance the accountant will ask the front line managers to share information with regards to labor hours, labor rate, direct material usage, overhead allocation rate etc.

Based on these inputs the accountant will be able to create accounting information in an accurate manner and will also be able to prepare fixed and flexible budget for the organization. Moreover the accountant will be in a position to determine different variances as well.