Carnegie and Wolnizer (1995, The Financial Value of Cultural, Heritage and Scientific Collections: An Accounting Fiction, Australian
Question:
Carnegie and Wolnizer (1995, ‘The Financial Value of Cultural, Heritage and Scientific Collections: An Accounting Fiction’, Australian Accounting Review, vol. 5, no) argue that quantifying heritage assets in financial terms is an ‘accounting fiction’. Explain what they mean. Do you agree with them? Why, or why not?
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The basis of their argument would appear to be that the process of financial accounting is being app...View the full answer
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