Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
According to Shanahan:
The hints are coming thick and fast: historic cost
accounting has had it. Balance sheets that contain
outdated cost prices or valuations that dont represent
current market value can hardly be said to be true and
fair. Does knowing what an asset cost several years ago
help investors assess whether a company is a worthwhile
investment? It has long been accepted at law that a
balance sheet is not a valuation statement but do users
of account know this?