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The Best Management Accounting System

"The best management accounting system provides managers with all the information they would like to have." Do you agree with this statement? Why or why not.

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I disagree with this statement for three reasons. First, managers may know what information they would like to have, but not what information they need. For example, a manager may want to tightly control office supplies (which are very cheap) because he despises theft, while he needs to know whether his supplier is overcharging him on raw materials (which are far more expensive). Further, managers may want information which cannot be quantified by ...

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"The best management accounting system provides managers with all the information they would like to have." Do you agree with this statement? Why or why not.

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