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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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A postaudit

  1. a. is a follow-up analysis of a capital project, once implemented.
  2. b. compares the actual benefits with the estimated benefits.
  3. c. evaluates the overall outcome of the investment.
  4. d. proposes corrective action, if needed.
  5. e. All of these.

To determine

Identify the function(s) of a postaudit.

Explanation

Postaudit:

The comparison analysis of actual cost and benefits of a project with the estimated costs and benefits of a project is known as postaudit.

a.

Postaudit is analysis conducted after the completion or expiration of a capital project. Therefore, option a is relevant.

b.

Postaudit is an analysis which compares the actual results of a capital investment with the estimated results. Therefore, option b is relevant...

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