Given that accounting is backwards looking, explain why accounting accruals are informative about the future.

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Investment Risk Management

ISBN: 9780199331963

1st Edition

Authors: H. Kent Baker, Greg Filbeck

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Question Posted: Dec 07, 2023 03:48 AM

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Given that accounting is backwards looking, explain why accounting accruals are informative about the future.

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Accounting statements should be prepared such that current earnings hel...View the full answer

Investment Risk Management

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