Discuss the following:Why would the accountant want to defer revenue and accrue expenses? Explain your response. Does this follow GAAP?
Description Variance analysis allows managers to evaluate a firm’s progress towards meeting organizational goals by comparing the planned outcomes (budgets) to the actual outcome. Using flexible budgets, cost accountants can perform this activity throughout the reporting period to uncover variances early in the reporting cycle. Having information early in the reporting cycle allows managers to […]