What do we mean when we say that an accounting system needs to be cost-effective?

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What do we mean when we say that an accounting system needs to be “cost-effective”?

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Question Posted: Oct 12, 2009 01:59 AM

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What do we mean when we say that an accounting system needs to be cost-effective?

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To be cost effective the benefit of doing something must exceed the cost of doing it In the c...View the full answer

Accounting Theory Conceptual Issues in a Political and Economic Environment

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