Question: Analysts are expected to develop forecasts that are realistic, objective, and unbiased. Describe a specific risk or incentive that a manager, accountant, or analyst might
Analysts are expected to develop forecasts that are realistic, objective, and unbiased. Describe a specific risk or incentive that a manager, accountant, or analyst might face. After you have given a complete description of the specific risk or incentive then explain how the specific risk or incentive might lead them to different biases when predicting certain outcomes.
Read the articles below to incorporate into your discussion on the topic above:
http://www.cgma.org/magazine/features/pages/20138989.aspx?TestCookiesEnabled=redirect (To better understand this article you may not recall from Cost Accounting but CGMA stands for Chartered Global Management Accounting. You can become certified as a CGMA or certified as a CMA through the Institute of Management Accountants. Should you decide to take or not take the CPA exam you should also consider management certification if you are primarily interested in working in industry instead of public accounting.)
http://smallbusiness.chron.com/risks-sales-forecasting-47339.html
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