Accounting is an excellent way of communicating your business position and results, but it has a big

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Accounting is an excellent way of communicating your business position and results, but it has a big weakness, which is that it:

Does not prioritize the level of cash in the business as a critical factor

It depreciates assets

Fails to give a good indication of profitability

Ignores the owners' investment

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jan 01, 2024 12:47 AM

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Accounting is an excellent way of communicating your business position and results, but it has a big

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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