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What is Relevant Costs in Decision Making about?

This document discusses relevant information and decision making. It defines relevant information as information associated with a decision, important to the decision maker, and connected to future outcomes. Relevant costs and revenues are those that differ between decision alternatives. The role of accountants is to provide managers with relevant information to aid decision making. Key steps in decision making are identifying the problem, criteria, alternatives, gathering relevant information, and selectin

Author

TESFAY GEBRECHERKOS

Language

EN