When evaluating performance many organizations compare current results with the

Accounting
Tutor: None Selected Time limit: 1 Day

.... 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...

Aug 30th, 2014

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. 

Aug 30th, 2014

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Aug 30th, 2014
Feb 24th, 2017
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