Financial reporting in the 1990s

Article Abstract:

The three major forces that will influence corporate financial reporting in the 1990s are technological developments, changes in the nature of business, and changes in the domestic business environment. Financial statements will continue to be the primary means by which corporations communicating information to investors and banks regardless of the technological media it is transmitted through. The shift from manufacturing to a service economy will change the focus of accounting to soft assets that will make financial statement preparation more complicated. In the domestic business environment, shorter product cycles, more intense competition, and environmental pollution will complicate the conduct of business and the accounting measures that reflect it.

Corporation reports, Company reports

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Why managers need three bottom lines

Article Abstract:

Managerial accounting needs to adopt a three part accounting system to accurately reflect companies' profitability and performance. Developing a three-part bottom line involving cash flow, net profit, and return-on-investment involves simultaneous management of sales, assets, and expenses. Cash flows should be calculated by subtracting cash disbursements from cash collections to increase communication efficiency and understanding. Return-on-assets can be derived by calculating marketing leverage, operating leverage, and financial leverage.

Accounting, Cash management

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