Question
Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS): e.Reducing
Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS):
e.Reducing costs by eliminating activities that do not add value.___________
f.Preparing a performance report that compares actual costs with budgeted costs.________
h.Determine the cost of a supplier.___________
i.Using cost information to decide whether to accept or reject a special order.__________
j.Reporting a large contingent liability to current and potential shareholders._________
k.Using future expected earnings to estimate the risk of investing in a public company.____
l.Preparing a performance report that compares budgeted costs with actual cost._________
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