Briefly discuss her concerns with allowing accounting to be the dominant source of environmental reporting information. Explain whether you agree with her thoughts.
Accounting a) As the annual rate of consumer price inflation in the U.S. is currently rising by 8.5% per annum, explain the limitations of using historic cost accounting (HCA) as the basis for providing relevant and faithfully representative financial reporting information for investors, lenders and other creditors. Within your answer highlight how alternative accounting measurement […]