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. The persistence of phantom inventories underscores how deeply financial reporting can be manipulated to protect short-term appearances at the expense of long-term transparency.
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Every successful financial leader knows the value of rock-solid accounting fundamentals. The Financial Accounting, 12th Edition, ensures you master the skills that set the best apart. Get ahead—make accounting your superpower!
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Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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Many HR practices in the United States are bad for companies, employees, and shareholders. Firms skimp on training and development, for instance, and tightly limit head count even when they’re understaffed. They increasingly move work to nonemployees, like leased workers, and replace pensions with more-expensive 401(k) plans. They do such counterproductive things because U.S. financial reporting standards treat employees and investments in them as expenses or liabilities, which make companies look less valuable to investors. This situation can be remedied, however, with some modest additions to reporting requirements. Though small, these changes could have a big positive impact.
What is SAP FICO Explained | Introduction to SAP FICO Overview & Basics
Finances play a crucial role in any business, whether it is a small venture or a large corporation. Poor management of finances can significantly reduce your chances of success in the industry, while effective management can work wonders.
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