... accounting system should be designed to provide the information that improves the decisions of managers, keeping in mind that accounting systems have a cost Flexible Budgets, Variances, and Management ... implementation have declined Flexible Budgets, Variances, and Management Control: II 111 SUGGESTED READINGS Beischel, M and Smith, K., “Linking the Shop Floor to the Top Floor,” Management Accounting (October ... Refer to the “Standards of Ethical Conduct for Management Accountants” developed by the Institute of Management Accounting, Exhibit 1-7 in Chapter 110 Chapter Show how the 4-variance analysis approach...