A financial analyst says: I advise my clients to invest for the long term. Buy good stocks
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A financial analyst says: "I advise my clients to invest for the long term. Buy good stocks and hang on to them. Therefore I am interested in a company's long-term earning power. Accounting standards that result in earnings volatility obscure long-term earning power. Accounting should report earning power by deferring and amortising costs and revenues." How does the Conceptual Framework relate to this analyst's view of financial statements?
Stocks Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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