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It is, of course, necessary for public sector bodies to produce some form of accounts, but given the substantial costs of preparing and disseminating statutory financial accounts, questions need to be asked about who uses these accounts, whether they understand the information provided and whether it gives them anything of value.
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Can a new form of accounting save animals from extinction?
Luckily, workload data are available in the form of accounting logs.
Gap has used an aggressive form of accounting that could worsen its earnings shortfall in the coming year, analysts say.
Corporate disclosure comes in the form of accounting numbers framed or accompanied by a substantial amount of text.
If investors accepted this fantastical form of accounting, all sorts of companies would be worth billions more, too.
Johannesburg's stock exchange is currently "considering what form of accounting standard is needed from listed companies".
When it was first signed, Enron relied on a form of accounting known as mark-to-market, which allowed it to book immediate earnings of $50 million.
Only through a form of accounting that included non-economic benefits, and risks, could companies actually explain to their shareholders what their data was really worth.
The forced adoption of single form of accounting runs the risk of severely restricting the different forms of capitalism that can develop.
'For a very small number of our business customers, who have legacy agreements with us, we are making the change from free banking to a new form of account,' she said.
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CEO of Professional Science Editing for Scientists @ prosciediting.com