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Preparation of accounting information

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Managers are permitted choice in the preparation of accounting information. Discuss the positive and negative implications of permitting choice in the preparation of accounting information. These implications should relate to financial statement users and preparers. You should refer not only to material covered in lectures and your textbook, but also the 2005 journal article by Gowthorpe & Amat "Creative Accounting: Some Ethical Issues of Macro- and Micro-Manipulation" (set as one of your readings this semester and available on UTSonline 'Course Documents').

Reference no: EM13488909

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