Modern financial statements too complicated to managers and laymen: A critical survey

Modern financial statements too complicated to managers and laymen: A critical survey

This article is an attempt at scrutinizing accounting practice in South Africa. Firstly, the author demonstrates that the Company Law in South Africa is fairly vague regarding the format and formulation of financial statements. Questions regarding the general use of terms, and more specifically ...

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Main Author: J. M. Language
Format: Article
Language:English
Published: AOSIS 1985-03-01
Series:South African Journal of Business Management
Online Access:https://sajbm.org/index.php/sajbm/article/view/1071
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spelling doaj-a04777adf77b45eea288ec84f3ccff932021-04-02T14:47:37ZengAOSISSouth African Journal of Business Management2078-55852078-59761985-03-01161404510.4102/sajbm.v16i1.1071787Modern financial statements too complicated to managers and laymen: A critical surveyJ. M. Language0Department of Business Management, University of TranskeiThis article is an attempt at scrutinizing accounting practice in South Africa. Firstly, the author demonstrates that the Company Law in South Africa is fairly vague regarding the format and formulation of financial statements. Questions regarding the general use of terms, and more specifically 'generally accepted practice', are raised. Finally, the author discusses some unacceptable aspects of recent presentation of accounting statements.https://sajbm.org/index.php/sajbm/article/view/1071
collection DOAJ
language English
format Article
sources DOAJ
author J. M. Language
spellingShingle J. M. Language
Modern financial statements too complicated to managers and laymen: A critical survey
South African Journal of Business Management
author_facet J. M. Language
author_sort J. M. Language
title Modern financial statements too complicated to managers and laymen: A critical survey
title_short Modern financial statements too complicated to managers and laymen: A critical survey
title_full Modern financial statements too complicated to managers and laymen: A critical survey
title_fullStr Modern financial statements too complicated to managers and laymen: A critical survey
title_full_unstemmed Modern financial statements too complicated to managers and laymen: A critical survey
title_sort modern financial statements too complicated to managers and laymen: a critical survey
publisher AOSIS
series South African Journal of Business Management
issn 2078-5585
2078-5976
publishDate 1985-03-01
description This article is an attempt at scrutinizing accounting practice in South Africa. Firstly, the author demonstrates that the Company Law in South Africa is fairly vague regarding the format and formulation of financial statements. Questions regarding the general use of terms, and more specifically 'generally accepted practice', are raised. Finally, the author discusses some unacceptable aspects of recent presentation of accounting statements.
url https://sajbm.org/index.php/sajbm/article/view/1071
work_keys_str_mv AT jmlanguage modernfinancialstatementstoocomplicatedtomanagersandlaymenacriticalsurvey
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