About This Chapter
Many people assume that accounting regulations affect only the work of accountants. This is not the case. If we change the way we measure the financial performance of an organization, the impact affects 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. If performance changes for the worse, they may decide to reduce their involvement with that company. Employees and ...
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