Accounting for Decision Making and Control 7th Edition by Jerold Zimmerman

تمرين 5

Using Accounting for Planning
The owner of a small software company felt his accounting system was useless. He stated, "Account­ing systems only generate historical costs. Historical costs are useless in my business because every­thing changes so rapidly."
Required:
a. Are historical costs useless in rapidly changing environments?
b. Should accounting systems be limited to historical costs?