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How misunderstanding around the application of cost concepts

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Reference no: EM132744703

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How can a misunderstanding around the application of cost concepts and classifications in any company lead to a poor decision making?

Discuss how a misunderstanding of the accounting could occur in a business setting and what the Managerial Accountant can do to avoid the situation.

Discuss cost concepts and classifications that are relevant to the issue(s).

Discuss what impact the improper use of cost concepts and classification could have on a company.

Reference no: EM132744703

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