Ask the Accounting Community

The daily chores.

A 'model' has, for me, an analogy of a 'map, it can identify many routes to where you wish to get to. But once you have made your 'investment' what are the 'constraints' in getting to your destination? The invariable pot holes, obstacles and even diversions suddenly sprung on you at the last moment will all test the robustness of the underlying management accounting system; in fact, can it cope with the daily chores of measuring, monitoring and analysis?

The outcome is continual effective use of the entities resources, it's a costly but unavoidable time for your expensive bit of gear (aeroplane) to be sitting on the tarmac at some airport (or a cruise liner disembarking passengers) it ceases to be earning any revenue. Even then, when it (finally) departs unsold seats/cabins are forever unrecoverable.