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Find what did chambers mean by the statement

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Reference no: EM132608808

Question 1: In 1973 Professor Ray Chambers ("Where company reports fail- Prof Chambers", 1973)* said that the 'financial reports of companies failed to give a fair idea of financial positions and profits'. What did Chambers mean by this statement? Critically evaluate whether Chambers' preferred alternative system, Continuously Contemporary Accounting (CoCoA), provides a realistic solution to the problems he identified.

Reference no: EM132608808

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