lesson 02 art vs science

Market Expansion and Drivers ManagementJanuary 15, 2021

The readings (including the commentary) discuss the notion that much of what accountants and finance professionals do is “art” rather than “science.”
In an essay of at least 500 words, discuss five ways in which financial professionals can significantly impact the financial statements of an organization by the use of estimates, assumptions, alternative valuation methods and other accepted accounting practices.
In each case, explain the impact the different ways of accounting for these items can have on various financial accounts.

 
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