In her 1988 article called 'Financial Accounting: In Communicating Reality, We Construct Reality', Ruth Hines argues...
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In her 1988 article called 'Financial Accounting: In Communicating Reality, We Construct Reality', Ruth Hines argues that accountants have a hidden power: "We create a picture of an organization, or the 'economy', whatever you like, and based on that picture (not some underlying 'real' reality of which no-one is aware), people think and act. And by responding to that picture of reality, they make it so: it becomes 'real in its consequences". REQUIRED: In your own words, describe Ruth Hines' argument and explain what this tells us about the fundamental limitations of financial accounting. (800 words) In her 1988 article called 'Financial Accounting: In Communicating Reality, We Construct Reality', Ruth Hines argues that accountants have a hidden power: "We create a picture of an organization, or the 'economy', whatever you like, and based on that picture (not some underlying 'real' reality of which no-one is aware), people think and act. And by responding to that picture of reality, they make it so: it becomes 'real in its consequences". REQUIRED: In your own words, describe Ruth Hines' argument and explain what this tells us about the fundamental limitations of financial accounting. (800 words)
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Financial accounting is an essential component of any organizations decisionmaking process providing information about an organizations financial health performance and prospects However according to ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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