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Why do you think that Financial Statement preparation is more an art than a science? What assumptions or biases typically impact financial results? Why do
- Why do you think that Financial Statement preparation is more an art than a science?
- What assumptions or biases typically impact financial results? Why do you think subjective assumptions and biases impact financial results?
- What are some of the impacts of these assumptions and biases on profitability?
- What are the impacts of cash on company strategies?
- What is the difference between profits and cash? Give reasons you believe people sometimes confuse them.
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