Data Table Analysis Accounting 542
November 6, 2015

Data Table Analysis Organizations rely heavily on receiving accurate data and information to make strategic business decisions. The concept is a critical aspect for modern commerce, since technological advances allows any business to track, trace, and predict inventory usage up to the moment. Each diagram in an analyses alludes to how accurate an organization’s methodology for operations is. Data tables are a useful tool for organizations to determine a cost-effective method for improving inventory control and for creating methods to improve business processes.
Evaluate Data Table Design Elements from an Accounting Perspective
Kudler’s Fine Foods’ requires the use of data tables for management to perform an accurate analysis for controlling inventory. Personnel must possess information with little effort to perform daily operations. A data table’s ability to organize information is a large contributor in management’s ability to order adequate inventory. The information available also helps management calculate the Just in Time (JIT) inventory method. Supplemental, the inventory information is crucial to determine when to order more inventory and the amount to order as well. The grocery store’s current inventory data table illustrates critical information such as, item codes, inventory items, locations, and the total value of the inventory (and each individual item’s price).
Kudler’s Fine Foods’ current inventory data table system is capable of identifying locations, inventory items, and prices with exact detail. The general ledger coding allows management to locate which store carries certain inventory items. The first two numbers in the code illustrate the store’s location. Furthermore, the final two numbers in each account determine the type