1. Using the financial accounting system rather than an integrated cost management system to support management functions...
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1. Using the financial accounting system rather than an integrated cost management system to support management functions of planning, controlling, decision making, and performance evaluation
2. Failing to balance long-run and short-run concerns when designing the cost management system and the motivational, informational and reporting elements
3. Using the motivational elements in the cost management system to create high payoffs for fraudulent or deceptive behavior, for example, overstating earnings
4. Designing motivational elements that don’t align with the authority of individual managers
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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