When evaluating performance many organizations compare current results with the

timer Asked: Aug 30th, 2014
account_balance_wallet $5

Question Description

.... actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain in detail please.

Review: http://www.cimaglobal.com/Thought-leadership/Newsl...

Tutor Answer

School: Duke University

Yes there will be a problem because whatever production was in previous year, not necessarily be in current year. The number of workers who worked or budget fixed May not match with current year. In order to compare output, input should be same. 

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