By Julia Nasev
On the middle of the present debate on monetary reporting criteria is conservatism. it truly is one of many oldest rules in accounting. most glaringly, conservatism is mirrored in excessive market-to-book ratios indicating that accounting size understate ebook price relative to industry worth. Julia Nasev examines the impression of conservative accounting numbers on valuation estimates and on genuine fiscal judgements comparable to expense stickiness.
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