Failing to Plan
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What part does planning play in formulating a report? Is there any truth to the old saying, "if you fail to plan, you plan to fail?
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Solution Summary
This solution explains what part the planning process has in formulating a report. I also discuss if there is any truth to the old saying, "if you fail to plan, you plan to fail." An extensive discussion is provided.
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There is a great deal of truth in the old saying for many professions including accounting. One of the main factors regarding accounting reports is that planning is really an essential element due to how many different calculations, numbers, facts, and the amount of data included in most reports. ...
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