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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This note was uploaded on 11/08/2011 for the course BUS 302 taught by Professor Pendergast,w during the Winter '08 term at Cal Poly.

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