December 2007 - Posts - Strategy Muse

December 2007 - Posts

No Double Standards Please, We're Global

Posted by Sourav Mitra at 
You might begin to die of exasperation when you look at Financial Statements of businesses which feature the accounts according to more than one GAAP (i.e. Generally Accepted Accounting Principles which are usually laid down in tomes called The Accounting Standards). These are not just great drains of resources but also seeds of doubt. These are drains...

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Tough Businesspersons Don't Cry For Creative Accounting

Posted by Sourav Mitra at 
Businessmen and businesswomen are supposed to be born to generate business profits by servicing human needs and pay their taxes. When they begin to depend on creative accounting to cook up profits they begin to lose their reason to exist; they begin to feed a cancer that will ultimately do more harm to more groups of people. Creative accounting is probably...

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