Qualities of data required for evaluating expenditure cycle

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Efficiency and Effectives of Expenditure Cycle Processes

Management must be able to monitor and evaluate the efficiency and effectiveness of expenditure cycle processes. To be useful for decision making, the data must be accurate, reliable, and timely. Why are all the three qualities of data required?

Select from one key decision that management must make with regard to the expenditure cycle. What data is required for arriving at the key decision?

Explain the importance of three qualities of data required for evaluating expenditure cycle.

Reference no: EM1323699

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