generally accountants aim to create financial statements that are useful to most readers under normal circumstances.
I would expect accountants mostly care about making finanical statements that are useful to those that pay those accountants instead of the readers of the statements.
I don’t think that anglo-american accounting standards won over more traditional German accounting standards because they are more useful. They won because of geopolitical power.
I would expect accountants mostly care about making finanical statements that are useful to those that pay those accountants instead of the readers of the statements.
I don’t think that anglo-american accounting standards won over more traditional German accounting standards because they are more useful. They won because of geopolitical power.