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The Class is Managerial Accounting. The topic this week is: Responsibility Accounting Here is the question: Should there be a tradeoff between accuracy of financial

The Class is Managerial Accounting.

The topic this week is: Responsibility Accounting

Here is the question:

Should there be a tradeoff between accuracy of financial records vs. timeliness and materiality? In other words, should we be willing to compromise a little accuracy for faster information that focuses on the bigger numbers?

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