Advanced You are required to: (i) discuss the factors that are likely to cause managers to submit

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Advanced 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, (8 marks)

(ii) suggest, as a budget accountant, what pro¬

cedures you would advise in order to mini¬ mize the likelihood of such biased estimates arising. (4 marks)

ICAEW Management Accounting

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