Surveying the accounts payable records, a clerk in the controller’s office noted that expenses appeared to rise significantly within a month of the close of the budget period. The organization did not have a seasonal product or service to explain this behaviour. Can you suggest an explanation? (hint: explain why it happens and identify its negative impacts to the organizations).
It’s the most wonderful time of the year! There’ll be much hollying and jollying, but there will also be plenty…
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