- This topic has 3 replies, 2 voices, and was last updated 8 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Exeption Principle
Dear Tutor,
What is meant by “Exception Principle”? Can you define and say one example for it?
Management by exception (which is what this refers to) is simply that managers should not spend their time on routine matters (they employ people to do this) but should instead spend their time investigating things that turn out differently that was is expected.
The best example of this is variance analysis – they should spend their time investigating the reasons for any large variances.
Thanks sir.I got it.
You are welcome 🙂