The Development of National Accounting
About This Chapter
Many people assume that accounting regulations affect only the work of accountants. They believe that accounting is a complex, mysterious subject that is best ignored. This is not the case. The methods and assumptions that are used to measure the financial performance of an organization affect many people.
Managers may find that profit has declined, not because there have been any changes in the organization, but because of the way that accountants measure their activities. Consequently, managers may have to change the way they work to achieve their expected profit. Potential and existing investors and other creditors track the financial performance of companies. Even if you ...
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