Hi, i have one dq for managerial accounting that i need in an hour from now. It must be at least 100 words solution no format. I will pay $3. thk u.
1.
As we talk about relevance – suppose we’re talking about the income statement and someone in the ‘user group’ brings up assets or debt (liabilities)? How can you get the discussion steered back to where it is supposed to be – in this sample – back to the income statement? What happens if users of this information bring in items that are irrelevant for discussion? So many times I find that people waste precious time on the wrong issue. When we talk about the cost of our material (one of the biggest factors in our industry) so many times people discuss inventory from the perspective of the asset side and it takes a lot of effort to steer the attention back to where it’s supposed to be. How can we steer attention back to relevant items?