Ideally,managers Should Make Accounting Changes Only as a Result of New

question 46

Essay

Ideally,managers should make accounting changes only as a result of new experience or information,or due to changes in economic conditions that demand methods of accounting that more accurately reflect such changing conditions.Managers should be attempting to achieve the closest match between reporting and economic reality.
Identify motivations for managers to make accounting changes other than the goal of achieving congruence between reporting and economic reality.

---

Definitions:

Distributive Justice

The perceived fairness of how rewards and resources are distributed among members of a group.

Procedural Justice

The concept in psychology and law that concerns the fairness and the transparency of the processes by which decisions are made.

Fairness

The quality of making judgments that are free from discrimination, bias, or favoritism.

High-Fat Snacks

Foods that are rich in fats, often offering high calories and low nutritional value, typically consumed for pleasure rather than health benefits.