The accounting concept of profit is:
* Accrual based
* Hindsight oriented
* One period
* Only interest taken into account (not full cost of capital).
** The cost of capital is //severely// underestimated in the accounting concept of profit
* Reporting to the outside world
bag
finance_public
created
Sat, 08 Oct 2011 07:30:34 GMT
creator
dirkjan
modified
Sat, 08 Oct 2011 07:30:34 GMT
modifier
dirkjan
tags
M18
Term
creator
dirkjan