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Recognition of liabilities
It has been argued that many companies' profits are overstated because they fail to take into account the full cost of their operating activities. This is particularly relevant when considering the potential future environmental impact of both production and ultimate disposal of the items they manufacture. Consider the current approach to accounting for liabilities.
Required
A. What are the shortfalls of the current definition for liabilities when applied to potentially negative environmental situations?
B. How might this lead to profits being overstated?
C. Does it matter that accounting often fails to capture this information?
D. Should we change the definition of liability, and if so how?
E. What would be the broader ramifications for accounting and businesses if we were able to more accurately capture these liabilities?
Verified Expert
This task is about recognition of liabilities. It is 3000 words task. In this report, various important topics of liabilities are discussed in detail. This report is MS-Word document. The main discussed concepts of this report are shortfalls of current definition of liabilities, profit overstating, does it matter accounting fails in capturing information and ramifications of accounting and business. Harvard referencing is done.
This is my assignment i want around 2500-3000 words report with the following Title page, appropriate headings and sub-headings, recommendations, reference list (Harvard – Anglia style). And a power point presentation for the same. Please let me know the amount and the approximate time. ThankHi experts this is my assignment i want around 2500-3000 words report with the following Title page, appropriate headings and sub-headings, recommendations, reference list (Harvard – Anglia style). And a power point presentation for the same. Please let me know the amount and the approximate time. Thank
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