Overoptimism by project sponsors.
Inconsistent forecasts of industry and macroeconomic variables.
Capital budgeting organized solely as a bottom-up process.
Do you think that accounting should have to approve all estimates and hold management accountable for anything that doesn't seem right? Why or why not?© BrainMass Inc. brainmass.com October 2, 2020, 5:27 am ad1c9bdddf
No, because of the fact that management must ascertain dozens of different financial statement elements wherein subjective estimates of ...
81 words offer an opinion on whether all project estimates that seem unrealistic should need approval from accounting.