Culture’s Impact on Business Functions59

Culture’s Impact on Business Functions59 -...

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Sidney Gray’s Accounting Values Control (audit profession v legal control) Independent or state-controlled accounting profession Independent: entry into profession by exam Accounting practices (uniform v flexible)
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Unformatted text preview: Variability among companies & over time Measurement/valuation (conservative v optimistic) Assets, income, liabilities Accounting adjustments for inflation Disclosure (transparent v secret) Information for investors, creditors, managers, government?...
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