After the first day of cost accounting your friend says, “The role of accountants is to report what happened. Why do we care about value creation? That’s not my responsibility.” Do you agree? Explain in detail offering examples of uses of cost accounting for business purposes.

After the first day of cost accounting your friend says, “The role of accountants is to report what happened. Why do we care about value creation? That’s not my responsibility.” Do you agree? Explain in detail offering examples of uses of cost accounting for business purposes.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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