TY  - CHAP
AB  - Abstract Management engages in self-examination by studying the account data reporting the results of prior decision-actions. Actual transaction experience data will be more significant than data that are hypothetical. This is so because back of financial statements lie consummated transactions reflecting planned efforts on the part of the buyer and planned performance on the part of the seller. With this in mind, profit as motivation can be over emphasized, although in reality it is still a good indication of sound prior policies, plans, and decisions of management. Standardized accounting, however, is not without its limitations, as it cannot reflect the individuality of competitive enterprise and their management.
VL  - 20
SN  - 978-1-78635-389-4, 978-1-78635-390-0/1479-3504
DO  - 10.1108/S1479-350420160000020048
UR  - https://doi.org/10.1108/S1479-350420160000020048
PY  - 2016
Y1  - 2016/01/01
TI  - Broad Patterns of Mission
T2  - A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays
T3  - Studies in the Development of Accounting Thought
PB  - Emerald Group Publishing Limited
SP  - 239
EP  - 248
Y2  - 2024/04/19
ER  -