explain window dressing as a limitations of accounting
Answers
Explanation:
Window dressing in accounting means an effort made by the management to improve the appearance of a company's financial statements before it is publicly released. It is a manipulation of financial statements to show more favorable results of the business. It is done to mislead the investors.
Answer:
Window dressing is a technique used by companies and financial managers to manipulate financial statements and reports to show more favorable results for a period. Although window dressing is illegal or fraudulent, it is slightly dishonest and is usually done to mislead investors.One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. If a certain factor, no matter how important, cannot be expressed in money it finds no place in accounting.
Explanation:
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