Why Financial Accounting is Neither Simple Nor Precise
http://art.fdlive.com/articles/35937/1/Why-Financial-Accounting-is-Neither-Simple-Nor-Precise/Page1.html
Michael Sack Elmaleh
Michael Sack Elmaleh is a Certified Public Accountant and Certified Valuation Analyst. His book,"Financial Accounting: A Mercifully Brief Introduction", has received wide critical acclaim. He has nearly 30 years of accounting and 10 years of teaching experience.
http://understand-accounting.net By Michael Sack Elmaleh
Published on 04/23/2008
Here are three basic reasons accounting is neither simple nor precise.