Dickeson--Making Relevant Data Decisions

So why don't we take action to correct?

When World War I ended, Alfred Sloan realized that the system that worked for tracing assets and ownership didn't help make decisions for mass-produced automobiles. "Cost accounting" was developed by Will Durant and others. It wasn't a double-entry system. There was no general ledger or trial balance to provide validation for the numbers, but it satisfied the need for some idea of how much an automobile cost.