A description of some of the characteristics of accounting reports and the decision process based on those reports in order to demonstrate the feasibility of creating summary accounting data for decisionmakers from sample estimates. There must be a substantial educational and sales program if managers are to be convinced that they should surrender to partial, rather than 100 percent, processing of data. In but a few instances have managers permitted internal accounting data to be determined through sample estimates. Where such a tool has been tried, it has been extremely successful. Accountants, as well as managers, are simply not aware of the possibilities for applying the best of the disciplines of accounting and statistics to the internal organizational information system. 24 pp.
This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.