In Baruch Lev’s new book The End of Accounting and the Path Forward for Investors and Managers he attempts to show how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. While I agree that financial accounting is becoming more useless I do not agree with Lev’s way forward because it causes more problems than it solves. As I argue in this paper, Lev’s solution is just, ‘old wine in a new bottles’. Thus, I propose a simpler way forward that requires less reporting, and more disclosure.
Beyond accounting for old wine in new bottles / Dumay J.. - ELETTRONICO. - 2017-:(2017), pp. 88-96. (Intervento presentato al convegno 9th European Conference on Intellectual Capital, ECIC 2017 tenutosi a Lisbon University Institute (ISCTE-IUL), prt nel 2017).
Beyond accounting for old wine in new bottles
Dumay J.
Writing – Original Draft Preparation
2017
Abstract
In Baruch Lev’s new book The End of Accounting and the Path Forward for Investors and Managers he attempts to show how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. While I agree that financial accounting is becoming more useless I do not agree with Lev’s way forward because it causes more problems than it solves. As I argue in this paper, Lev’s solution is just, ‘old wine in a new bottles’. Thus, I propose a simpler way forward that requires less reporting, and more disclosure.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
