Prediction is very difficult, especially about the future. Niels Bohr. This quote is the first sentence listed
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“Prediction is very difficult, especially about the future.” Niels Bohr. This quote is the first sentence listed in Chapter, Principles of Cost Accounting. How does this quote relate to The Master Budget and Flexible Budgeting? What companies can you think of in which they totally underestimated or overestimated their budgets? What were the consequences of missing their projected budget numbers?
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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