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Balance sheets were designed to show what a a business would be worth if it was liquidated today. What managements need, however, are balance sheet
"Balance sheets were designed to show what a a business would be worth if it was liquidated today. What managements need, however, are balance sheet that relate the enterprise's current condition to its future wealth-producing capacity " Peter Drucker 1992
Analyse this statement with reference to the impact of climate change risk and other contemporary issues on Financial reporting and extended external reporting ( social environmental and financial reporting).
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