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Accounting for Decision Making and Control 9th Edition by Jerold Zimmerman
Edition 9ISBN: 978-1259564550Accounting for Decision Making and Control 9th Edition by Jerold Zimmerman
Edition 9ISBN: 978-1259564550 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
Verified
Verified
Accounting information
Accounting infor...
Accounting for Decision Making and Control 9th Edition by Jerold Zimmerman
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