Accounting for companies is just a way to fool a wide variety of stakeholders. There are so many ways to represent the numbers! Its like looking at a piece of artwork sometimes. I dont trust anything thats produced in those published financial statements!

Critique the statement above. In so doing:

a) comment in general terms on what underpins this statement above.

b) identify and explain the nature of 6 examples of differing approaches to determining values to be included in income statements and statements of financial position, and in so doing illustrate your explanations.

Please provide a good enough answer for the above question.