📊 The WIP trap: When Management Accounts resemble a pyramid scheme 13 Jan 2025 | Management informationHave you ever wondered how adjusting Work in Progress (WIP) in management accounts can create a dangerous illusion of profitability? A typical WIP Cycle: 🔹 Accrue WIP this month, which increases sales 🔹 Report a profit 🔹 Reverse WIP next month...
