Question
A manager of a small business made the following comment when a friend suggested that his business could benefit if he were to prepare cash
A manager of a small business made the following comment when a friend suggested that his business could benefit if he were to prepare cash budget.
"Some people think they arealright but I run only a small business and I don't want to waste my time preparing budget which,after all,are just best-guessingthe future. I am more interested in what actually happens, not what I think might happen."
Do you agree with him? Why?
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
