Improving accounting reliability
Subtitle: solvency, insolvency, and future cash flows
By: Henning Kirkegaard ; foreword by C. Torben Thomsen.
Publisher: Quorum
Published: 1997
Place of publication: Westport, Conn
Language: eng
Number of pages: 327
Subjects: Bankruptcy -- Accounting.
Description: Statements should be dynamic, current, complete, and comprehensible. Most importantly, instead of focusing on profit and owners' equity, financial statements should concentrate on a firm's solvency or insolvency. It then becomes possible, using modern technology, to anticipate liquidity problems before they occur, therefore limiting or even preventing future losses. This is precisely the essence of the new model Kirkegaard proposes and develops with forceful clarity.

His book will prove to be essential reading, not only for professional and academic accountants, but also for investors, corporate management, and skilled observers of the business scene.
Notes: Includes bibliographical references (p. [321]-324) and index.