Business Fluctuations and Financial Accounting Measurement: Historical Comments
- Topics:
- Financial Statements
- Source:
- Canisius College
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Overview: This paper addresses a theme in an historical setting that financial accounting measurement contributes to: retardation of national economic growth by the failure of financial accounting to provide for the replacement of capital goods in its measurement process; and the business cycle owing to the illusory profits reported in financial statements. The paper explores the issues and concludes that the arguments against accounting are based upon misunderstandings.
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Format: PDF | Size: 81KB | Date: Feb 2005 | Pages: 21
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