2007-06-16 19:44:15 · 3 answers · asked by chii elektra 1 in Business & Finance ➔ Other - Business & Finance
Because it's not a science. There's much room for judgement and creativity in accounting, e.g. you can manipulate the amt charged for depreciation by shortening or lengthening the estimated useful lives of your fixed assets, by estimating a higher or lower amt as doubtful debts, by deciding what's a fair value of an asset in order to influence the amt for impairment, etc. Put 2 accountants in the same business and they can probably come up with a different profit figure.
2007-06-16 22:09:13 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
hmm. i just responded to the quetsion as to why it was a science
art because someone who can come up with right numbers, make right moves etc.
"technique" is heavily involved and hence an art. you get more experienced as you go further down you career.
2007-06-17 04:01:23 · answer #2 · answered by ddsa 2 · 0⤊ 0⤋
well, I guess it depends on how you use the numbers!
2007-06-17 02:47:20 · answer #3 · answered by just a cariboo angel 4 · 0⤊ 0⤋