Accounting Chapter 1 Discussion Question

The chairman of the board of directors of the
company for which you are chief accountant has
told you that he has little use for accounting
figures based on cost. He believes that
replacement values are of far more significance to
the board of directors than "out-of-date costs."
Present some arguments to convince him that
accounting data should still be based on cost.

Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. ... Cost accounting information is commonly used in financial accounting, but its primary function is for use by managers to facilitate their decision-making.

so i don't know what video you're talking about, but here's some stuff steve jobs gave as advice.

- love what you do.

- the worst thing that could happen might turn out to be the best thing that could happen.

- follow your heart and trust it knows where it's going.

answer; (a) calling people who have not shown interest in the product and asking them to buy it;