Right Thinking Produces Right Doing…
Posted by antonvdm
In my last blog we saw that the law of non-contradiction makes it impossible to deny the existence of truth, and, absolute truth in particular. We also saw that this insight is important to management accounting. It finds application in management accounting because operational truths (how real resources are actually used) must form the basis for costing information used in decision making. Where did this epiphany lead us? For the most part, not very far from where we started. It is more like a massive anchor has been driven into solid rock right where we were. Thus we have a starting point to build on. At this point we are still left with the question: how do I get to a cost number I can trust?/p>