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Consider the statement: "The best standards are the ones that eliminate all management discretion in reporting. That way one gets uniform numbers across all companies and don't have to worry about doing accounting analysis."

Do you agree? Why or why not?

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The solution considers the statement: "The best standards are the ones that eliminate all management discretion in reporting. That way one gets uniform numbers across all companies and don't have to worry about doing accounting analysis."

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I do agree with this statement because such standards leave no room for manipulation related to management discretion as they eliminate choices in ...

Solution provided by:
Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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