ACCT3011 Financial Accountings

Referring to Clarke, Dean and Egans ch 6, Group Accounting Shenanigans, Explain the Patricks 1997 case and the authors concerns with respect to that case. What is your perspective on the implication for group accounts? Are we expecting too much of consolidated financial statements here that they must also be useful for employees?

The link for Ch6: https://books.google.com.hk/books?id=QgQkAwAAQBAJ&pg=PA122&lpg=PA122&dq=%E2%80%98Group+Accounting+Shenanigans%E2%80%99&source=bl&ots=UPQeZlWL0i&sig=whfHhkyHIcdt9kGULyI22k_mc2k&hl=zh-CN&sa=X&ved=0ahUKEwi39_exwtbPAhXrqFQKHSOcA-wQ6AEIOzAE#v=onepage&q=%E2%80%98Group%20Accounting%20Shenanigans%E2%80%99&f=false