CREATIVE TECHNIQUES FOR MODELING PERFORMANCE REPORTED IN FINANCIAL STATEMENTS
CREATIVE TECHNIQUES FOR MODELING PERFORMANCE REPORTED IN FINANCIAL STATEMENTS

Summary/Abstract: The profit and loss account summarizes the ensemble of operations that contributed to the formation of the result, profit or loss. The economic theory considers that the goal of any enterprise is to maximize profits. There are, however, enterprises that wish to obtain only a satisfactory profit. Accounting practices allow to enable enterprises to present, within certain limits, results compliant with their goals rather than with reality.

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