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ACFI127 Economics Principles For Accounting And Finance

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Question:

Published financial statements do not reflect economic reality because the statement of profit or loss does not recognise all the gains and losses of a financial period, and the statement of financial position ignores some assets and does not show the true value of others. Consolidated accounts are particularly confusing for users.”

With reference to a company report of your choice, explain and discuss the above statement.

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My Assignment Help (2021) Economics Principles For Accounting And Finance [Online]. Available from: https://myassignmenthelp.com/free-samples/acfi127-economics-principles-for-accounting-and-finance/a-case-study-on-tesco-plc.html
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My Assignment Help. 'Economics Principles For Accounting And Finance' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/acfi127-economics-principles-for-accounting-and-finance/a-case-study-on-tesco-plc.html> accessed 23 April 2021.

My Assignment Help. Economics Principles For Accounting And Finance [Internet]. My Assignment Help. 2021 [cited 23 April 2021]. Available from: https://myassignmenthelp.com/free-samples/acfi127-economics-principles-for-accounting-and-finance/a-case-study-on-tesco-plc.html.


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