Accounting is irrelevant in decision making because the information it provides relates only to the past. Evaluate

Question:

‘Accounting is irrelevant in decision making because the information it provides relates only to the past.’ Evaluate this remark.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

See More Books

Question Posted: Jun 18, 2019 10:54 AM

See More Questions

Describe what it means to behave ethically.
List the effect of each of the following transactions upon any or all of the four financial statements of a business. Apart from indicating the financial statement(s) involved, use appropriate...
The adjusted trial balance columns in the worksheet of Elliot Painting Services are as follows. ELLIOT PAINTING SERVICES Worksheet (Partial) for the year ended 30 June 2016 Adjusted trial balance...
5. (8 points) (Determining a hidden "dot product vector") Consider the problem where one is given black-box access to a function f: {0, 1}" {0, 1} such that f(x) = a-z, where a {0,1}" is unknown....
Prove that if f = f1(x) + i f2(x) and g = g1(x) + ig2(x) are vectors in complex C[a, b] then the formula defines a complex inner product on C[a, b]. 1(x)i2(x)][gi( Ja
Prove that the normal to the curve y = sin x at the point P(/2, /2) intersects the x-axis at the point (, 0).
Apply the marketing-myopia concept to print media, magazines, and newspapers. What is the implication?
The management of the just Like Home restaurant has asked you to analyze some of its processes. One of these processes is making a single-scoop ice cream cone. Cones can be ordered by a server (for...
Supposons un consommateur ayant une richesse W qui est distribue selon une loi de densit de probabilit fw (w). Montrez qu'on peut obtenir une approximation du cot du risque, CR, en utilisant: 1 CRrr...
EeZY Wear Limited, with its head-office located in Port Elizabeth, manufacture and sell fashionable beach and casual wear. The company has several branches countrywide, one of which is in Cape Town....
What is the meaning of the terms DPP and EXW? Discuss the impact of such terms on the buyers and sellers accounting system. Provide an example to illustrate.
Describe how you would identify if a financial statement is a special purpose financial statement or a general purpose financial statement.
Clorad Corporation uses the percentage-of-completion method of accounting for construction contracts. Using the following information for Year 1, compute Clorads (a) Total estimated costs to...
ODonnell & Joyce purchases components from three suppliers. Components purchased from Supplier A are priced at 7 each and used at the rate of 18,000 units per month. Components purchased from...
Weekly demand for jeans at a Zara store is normally distributed, with a mean of 170 and a standard deviation of 85. The supply plant takes two weeks to supply a Zara order. The store manager monitors...
Weekly demand for smartphones at an Apple store is normally distributed, with a mean of 500 and a standard deviation of 300. Foxconn, the assembler, takes four weeks to supply an Apple order. Apple...
Reconsider the Best Buy store in Exercise 3. The store manager has decided to follow a periodic review policy to manage inventory of cell phones. She plans to order every three weeks. Given a desired...
Motorola obtains cell phones from its contract manufacturer located in China to supply the U.S. market, which is served from a warehouse located in Memphis, Tennessee. Daily demand at the Memphis...
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/15, net 30. Based on experience, 70 percent of all customers will take the discount. a. What is the average...
Write the general quadratic equation y2 - 8y - 4x + 28 = 0 in standard form. Determine the vertex, focus, and directrix of the parabola defined by this equation. Sketch a graph.
What is meant by the term qualitative characteristics of accounting information?
What is meant by the term qualitative characteristics of accounting information?
What is meant by the term qualitative characteristics of accounting information?
A 40.0-g object connected to a spring with a force constant of 50.0 N/m oscillates with an amplitude of 6.00 cm on a frictionless, horizontal surface. (a) Find the total energy of the system. mJ (b)...
A proton is going 976 m/s when it is exposed to a 38 T magnetic field (see below) and begins moving in a circle. Determine the direction of the magnetic force, the radius of the motion, and the...
Example: A surface charge of 5.0 C/m is located in the x-z plane in the region -2.0 m x 2.0 m and -3.0 m y 3.0 m. Find analytically the electric field at the point (0, 4.0, 0) m. x 3 Ps=5/C/m =2...

Accounting is irrelevant in decision making because the information it provides relates only to the past. Evaluate

Question:

Step by Step Answer:

Accounting is relevant to the decisionmaking process as it helps provide financial infor...View the full answer

Accounting

Students also viewed these Business questions