Refer to the Business Application discussion of accounting choices. In the case of Tesco, managers made choices

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Refer to the Business Application discussion of accounting choices. In the case of Tesco, managers made choices about the timing of revenues and expenses that led to fraud charges. In order to avoid that, perhaps accountants should always assume the worstcase outcome. Then they will not be accused of misleading investors. What do you think about this approach?

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Fundamentals of Cost Accounting

ISBN: 978-1259969478

6th edition

Authors: William N. Lanen, Shannon Anderson, Michael W Maher

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