Question

A manager needs to see a minute-to-minute view of the firm's financial performance as measured by working capital, accounts receivable, cash flow, accounts payable, and inventory - what information system should he/she use?

Answer 1

A manager should use a real-time financial reporting system to have a minute-to-minute view of the firm's financial performance.

Step-by-step explanation:

To have a minute-to-minute view of the firm's financial performance as measured by working capital, accounts receivable, cash flow, accounts payable, and inventory, the manager should use a real-time financial reporting system. This system provides up-to-date information on the firm's key financial metrics, allowing the manager to monitor the financial health of the business on a continuous basis.

A real-time financial reporting system can integrate with the company's accounting software and other data sources to provide accurate and timely information. The manager can set up customized dashboards and reports to track working capital, accounts receivable, cash flow, accounts payable, and inventory in real-time.

By using a real-time financial reporting system, the manager can make informed decisions and take timely actions to optimize the firm's financial performance.