To an accountant, net income is essentially a historical record of the past. To an economist, net

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To an accountant, net income is essentially a historical record of the past. To an economist, net income is essentially a speculation about the future. Examine the relative merits of these two approaches for financial reporting purposes.

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Financial Accounting And Reporting

ISBN: 9781292255996

19th Edition

Authors: Barry Elliott, Jamie Elliott

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Question Posted: Nov 03, 2022 01:28 AM

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To an accountant, net income is essentially a historical record of the past. To an economist, net

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While both accounting and economics are interested in financial data they approach it from ...View the full answer

Financial Accounting And Reporting

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