Nashville, Tenn. (July 17, 2003) -- Garbage in, garbage out. The old saying about entering data into a computer also apparently applies to cost information, according to a new study of management accountants.
The Ernst & Young/Institute of Management Accountants' survey of more than 2,000 senior level financial executives found that 98 percent believe they're getting inaccurate cost information at their companies -- primarily due to overhead allocations, shared services, and greater product diversity.
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