You are required to: (i) discuss the factors that are likely to cause managers to submit budget
Question:
You are required to:
(i) discuss the factors that are likely to cause managers to submit budget estimates of sales and costs that do not represent their best estimates or expectations of what will actually occur.
(ii) suggest, as a budget accountant, what procedures you would advise in order to minimize the likelihood of such biased estimates arising.
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Related Book For
Management Accounting For Business
ISBN: 9781138550650
8th Edition
Authors: Colin Drury, Mike Tayles
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