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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What important trends have occurred during the past few decades in cost management and cost accounting?

Summary Introduction

To determine: The important trends that have occurred during the past few decades in cost accounting and management system.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Determine the important trends that have occurred during the past few decades in cost accounting and cost management:

Reduced work-in-process and finished good inventory: The firm can be able to abandon the full absorption costing, which is not effective when there is no inventory. Instead of valuing the inventory, the firm can be able to accumulate the cost for the process of decision-making...

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