Isbn: 9781334413285 - inflation adjusted funds flow statements (classic reprint) (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book scrutinizes a widespread accounting practice: calculating net income as separate from capital. By examining the historical development of this practice in accounting textbooks, the author argues that it is not only misleading but perpetuates the myth that capital maintenance is inherently beneficial. Drawing on case studies and examples, the book demonstrates how this practice can lead to poor managerial decisions, such as limiting dividend payments when cash is available to pay out as dividends. The author proposes a new statement that reports on funds flow, inflation, and the financial position of a firm to provide a more accurate and comprehensive view of a company's financial health. Ultimately, this book challenges the conventional wisdom of net income as a measure of a firm's performance and offers a fresh perspective on the role of accounting in capitalist economies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…