Solomons (1978, p. 69) quotes the American Accounting Association: Every policy choice represents a trade-off among differing

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Solomons (1978, p. 69) quotes the American Accounting Association:

Every policy choice represents a trade-off among differing individual preferences, and possibly among alternative consequences, regardless of whether the policy-makers see it that way or not. In this sense, accounting policy choices can never be neutral. There is someone who is granted his preference, and someone who is not.

Evaluate this statement.

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Financial Accounting Theory

ISBN: 9780071013147

4th Edition

Authors: Craig Deegan, H. Bierman

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