Accounting information is widely used in reporting upon the performance of business units within a large organization. It often forms the major source of quantitative information available to senior managers. Yet it is, of itself, incomplete and inadequate in some respects. This means it is necessary to supplement accounting performance measures with other performance indicators, and to use and interpret the accounting information with considerable care. It also means that it is important to use the best available accounting techniques and to match these appropriately to the circumstances in which they will be used.
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