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Please answer the question briefly and fast ASAP because I dont have Time ,1h left Question 1: (15 Points) A. The value of information is
Please answer the question briefly and fast ASAP because I dont have Time ,1h left
Question 1: (15 Points)
A. The value of information is the difference between the benefits realized from using that information and the costs of producing it. Would you, or any organization, ever produce information if its expected costs exceeded its benefits? If so, provide some examples. If not, why not?
B. Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why?
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