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.
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.
Proceedings of the European Conference on Intellectual Capital
88
96
Dumay J.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11585/740761
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