All three professional accounting organizations recognize the importance of clear, concise communication. In this chapter, you learned three ways to present cost information in an income statement.

Required

A. Discuss how each of these methods communicates different information about an organization’s operations.

B. Why do uncertainties exist about the best way to communicate this information about an organization’s operations?

C. Brainstorm with your classmates to create a list of strategies you could use to do a better job of adapting your communications for the setting and audience.