Business and Financial Reporting, Challenges From The New Economy
- Topics:
- Line of Business Reporting
- Tags:
- Economy,
- Finance,
- Financial,
- Financial Accounting,
- Financial Accounting Foundation,
- Financial Planning,
- Financial Reporting
- Source:
- Financial Accounting Foundation
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Overview: This Special Report examines two assertions that dominate articles and papers about the intersection between the new economy on one hand and business and financial reporting on the other. First, the economy of 2000 is fundamentally different from the economy of 1950 and before. Second, traditional financial statements do not capture—and may not be able to capture—the value drivers that dominate the new economy. Prominent economists have begun to question whether the new economy is really as “new” or as significant as claimed. Many of the new economy’s value drivers have the look of old wine in new bottles. This Special Report concludes that a debate over “new versus old” is fundamentally unhelpful. The important question is whether business and financial reporting should change and, if so, how.
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Format: PDF | Size: 701KB | Date: Apr 2001 | Pages: 135
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