ACCT 311 Discussion 3 Liberty University
Each member of the group will select one question below. You may not select a question that has already been posted by another group member. Please be sure that you clearly identify the question number you have selected.
- “As a practical matter, planning and control mean exactly the same thing.” Do you agree or disagree with this statement? Explain.
- What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of the period?
- How does a flexible budget based on two cost drivers differ from a flexible budget based on a single cost driver?
- Relate the IMA standard of confidentiality to Biblical principles.
- Relate the IMA procedure for resolution of ethical conflict to Biblical principles.