Question
Accounting is an excellent way of communicating your business position and results, but it has a big weakness, which is that it: Does not prioritize
Accounting is an excellent way of communicating your business position and results, but it has a big weakness, which is that it:
Does not prioritize the level of cash in the business as a critical factor
It depreciates assets
Fails to give a good indication of profitability
Ignores the owners' investment
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
