Measurement in Accounting: Scope and Setting (Classic Reprint) - Softcover

Zenon S. Zannetos

 
9781332269310: Measurement in Accounting: Scope and Setting (Classic Reprint)

Synopsis

This book examines the purpose of accounting measurements, arguing that it has strayed from its intended goal of aiding managerial decision-making. The author contends that accounting has become overly focused on external reporting rather than providing useful information for internal decision-making. By examining the history and evolution of accounting, the author argues that this shift has resulted in a loss of focus on the true purpose of accounting. The book also discusses the challenges of accounting in the present day, including the need for more sophisticated and accurate measurements in an increasingly complex business environment. The author argues that the traditional focus on objectivity in accounting measurements may be misplaced, and that a more holistic approach that considers the subjectivity of decision-making is needed. Overall, this book provides a comprehensive and thought-provoking analysis of the purpose and challenges of accounting measurements. The author's insights will be of interest to accountants, financial managers, and anyone interested in the role of accounting in decision-making.

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