Concept of accounting for wealth creation, Financial Accounting

Concept of accounting for Wealth creation

It is significant to recognise that generating wealth for the owners isn't the same as seeking to maximise the current year's profit. Wealth creation is a longer-term concept that relates not only to this year's profit however to that of future years as well. In short term, corners can be cut and risks taken that improve current profit at the expense of future profit.

 

Posted Date: 9/21/2013 3:30:20 AM | Location : United States







Related Discussions:- Concept of accounting for wealth creation, Assignment Help, Ask Question on Concept of accounting for wealth creation, Get Answer, Expert's Help, Concept of accounting for wealth creation Discussions

Write discussion on Concept of accounting for wealth creation
Your posts are moderated
Related Questions
DELEGATION A trustee cannot deleget unless: 1.    It is necessary or in the ordinary course of administration; or 2.    Authorised by the trust instrument; or 3.    Authorise

what managers should know about internal rate of return( IRR) and why

Q. What do you mean by Grant date in Stock Option? Grant date - The date at which an employee and an employer reach a mutual understanding of key terms and conditions of a shar

Which of the following transaction results in an increase in revenues? a. receipt of accounts receivable b. purchase of inventory c. receipt of principal from bank loan d. delivery

Scottsdale Fine Piano%u2019s purchases pianos from a well-known manufacturer and sells them through their retail store. The Baby Grand Pianos sell, on average, for $2,500 each. The

how should i treat items in the additional information

Suppose that the real risk-free rate, r*, is 4% and that inflation is usual to be 8% in Year 1, 5% in Year 2, and 4% thereafter. Suppose also that all Treasury securities are highl


Q. Explain the Matching Principle? Matching Principle - A basic concept of basic accounting. In any one given accounting period, you must try to match the revenue you are repor

you are aceo of acme ,inc located in united states .you use the discounted pay back period method and accept all projects that pay back in hree years.a project that will cost 5,500