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Homework answers / question archive / Discuss the relative merits and weaknesses of principles-based and rules-based accounting systems

Discuss the relative merits and weaknesses of principles-based and rules-based accounting systems

Accounting

Discuss the relative merits and weaknesses of principles-based and rules-based accounting systems.

(II) What are some of the motivations that managers may have for attempting to influence or bias reported financial results? What should the accountant do to deal with these possible attempts to affect the perceptions of the company’s results?

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