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Accounting for Decision Making and Control 8th Edition by Jerold Zimmerman
Edition 8ISBN: 978-0078025747Accounting for Decision Making and Control 8th Edition by Jerold Zimmerman
Edition 8ISBN: 978-0078025747 Exercise 4
Using Accounting for Planning
The owner of a small software company felt his accounting system was useless. He stated, "Accounting systems only generate historical costs. Historical costs are useless in my business because everything changes so rapidly."
Required:
a. Are historical costs useless in rapidly changing environments?
b. Should accounting systems be limited to historical costs?
The owner of a small software company felt his accounting system was useless. He stated, "Accounting systems only generate historical costs. Historical costs are useless in my business because everything changes so rapidly."
Required:
a. Are historical costs useless in rapidly changing environments?
b. Should accounting systems be limited to historical costs?
Explanation
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Accounting information
Accounting infor...
Accounting for Decision Making and Control 8th Edition by Jerold Zimmerman
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