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What criticisms been made in relation to current practice

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Problem 1: What criticisms have been made in relation to the current practice of accounting? (For example, where assets that have been purchased in different years are added together unadjusted?). Considering these criticisms, what alternative methods of accounting have been proposed? Critically evaluate these alternative methods considering factors such as the level of acceptance these methods have received from the accounting profession.

Reference no: EM132842282

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