Use of accrual accounting in both the decision making and subsequent control phase of management can make the the entire process both more understandable and accountable with referring to laborious mathematical models that require advanced skills to assimilate.
decision model, control model, accrual accounting, present value analysis, assumptions, capital budgeting
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van Breda, Michael F., "Put Budgeting Back into Capital Budgeting" (1982). Working Papers. 28.