Assignment Help - homework help

  Weighing Up the Costs and Benefits

Introduction to Weighing Up the Costs and Benefits

After read the preceding sections you might feel that, while concerning a piece of accounting information, given the four major qualities that are identified is available and it is material it should be gathered and made presented to users. Unfortunately, there is one more obstacle to jump. Somewhat may still not include a piece of accounting information from the reports even while it is referred to be helpful. In theory, a specific item of accounting information has to be produced if the costs of providing it are less than the advantages or value, to be derived from its use.

Figure 1.2 depicts the relationship among the costs and value of providing additional accounting information.

404_Weighing Up the Costs and Benefits Homework Help.jpg

Figure: relation between cost and value of providing additional accounting information

The diagram depicts how the value of information received through the decision maker eventually starts to refuse. This is may be since additional information becomes less relevant, or due to the problems that a decision maker might have in processing the sheer quantity of information provided. The costs of giving the information though will get increase with each extra piece of information. The broken line demonstrates the point on which the gap among the value of information and the cost of giving that information is at its greatest. This demonstrates the optimal amount of information that can be given. This hypothetical model, though, poses a number of problems in practice. We shall now continue to discuss these. To demonstrate the practical problems of establishing the value of information, let us suppose that someone has collided with our car in a car park and dented and scraped the paint from one of the doors. We want to have the dent take place and the door re sprayed at a local garage. We make out that the nearest garage would charge £250 but believe that other local garages may provide to do the job for a lower price. The only method of discovering the prices at other garages is to visit them, that is why they can see the extent of the damage. Visiting the garages will include using some petrol and will take up some of our time. Is it worth the cost of discovering the price for the job at the several local garages? The reply is that if the cost of finding out the price is less than the potential benefit, it is worth containing that information.

Latest technology based Financial Accounting Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Weighing Up the Costs and Benefits homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Weighing Up the Costs and Benefits, project ideas and tutorials. We provide email based Weighing Up the Costs and Benefits homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Weighing Up the Costs and Benefits. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Financial Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the financial accounting assignments, which may help you to solve your complex issues of Weighing Up the Costs and Benefits. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.