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.

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Definitions:

Type A Behavior

A personality pattern characterized by high levels of competitiveness, self-imposed stress, aggressiveness, and a constant sense of urgency, often linked to a higher risk of heart disease.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart attacks, congestive heart failure, and congenital heart defects.

Job Burnout

A psychological syndrome resulting from chronic workplace stress and characterized by exhaustion, cynicism, and a sense of reduced efficacy.

Diminished Personal Accomplishment

A state experienced by individuals who feel inadequate in their achievements and perceive a decline in their efficacy in personal or professional areas.