Complete 11 pages APA formatted article: The Types of Information and its Value in Accounting for Managers. In Britain, accounting was gradually developed under the needs of the government to have a clear view of the activities of the firms operating across the country. The country’s Courts have also participated actively in the development of accounting principles through the interpretation and application of the relevant law in any dispute that was brought before them. In many cases, the identification by judges of the appropriateness of accounting practices followed by firms and individuals in Britain has been a challenging task. The development of British accounting principles has been examined in the literature. In this context, it is noticed by Bryer (1998, 55) that ‘during the second half of the nineteenth century British legal judgements did not produce a coherent body of laws on accounting based on consistent and generally accepted principles of profit measurement and asset valuation’. The British government should be also considered as responsible for the development of various accounting practices across the country.
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