A student commented that “management accounting is much more relevant and important to profit making organizations compared to non-profit ones (such as governmental institutions) as the existence of the latter is not related to profit making”. How would you respond? Give some examples to support your point of view.
A student commented that “management accounting is much more relevant and important to profit making organizations compared to non-profit ones (such as governmental institutions) as the existence of the latter is not related to profit making”. How would you respond? Give some examples to support your point of view.
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 18Q: Describe the concept of a profit center and, using a specific organization, give an example of how...
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