Does determining the uncertainty of prospective cash receipts provide too much control to management in making estimates that could manipulate earnings?© BrainMass Inc. brainmass.com June 3, 2020, 8:35 pm ad1c9bdddf
Accounting is the language of business. Many different users have need for accounting information in order to make important decisions. These users include investors, creditors, management, governmental agencies, labor unions, and others. Because the primary role of accounting information is to provide useful information for decision-making purposes, it is sometimes referred to as a means to an end, with the end being the decision that is helped by the availability of accounting information.
Thus with the help of accounting the organization achieves this purpose to provide information to the stakeholder of ...
Does determining the uncertainty of prospective cash receipt provide too much control to management in making estimates that could manipulate earnings is discussed.