Respond, in point form, to the following complaint by a businessperson: I find modern financial accounting really
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Respond, in point form, to the following complaint by a businessperson: ‘I find modern financial accounting really annoying. The basis of financial strength is the availability and use of real resources, such as cash and machinery, yet accrual accounting produces a profit measure that is deliberately different from the cash return earned by the business. Why is this so? Why should accrual accounting diverge from the measurement of cash flow?’
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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