Efficiency Perspective
The efficiency perspective is taken into Positive Accounting theory as researchers explain how various managers choose accounting methods that show a true representation of the firm's performance. Within this perspective, it is stated by numerous authors that accounting practices adopted by firms are often explained on the basis showing the true image of financial performance of the firm.
Read more about this topic: Positive Accounting
Famous quotes containing the words efficiency and/or perspective:
““Never hug and kiss your children! Mother love may make your children’s infancy unhappy and prevent them from pursuing a career or getting married!” That’s total hogwash, of course. But it shows on extreme example of what state-of-the-art “scientific” parenting was supposed to be in early twentieth-century America. After all, that was the heyday of efficiency experts, time-and-motion studies, and the like.”
—Lawrence Kutner (20th century)
“Egoism is the law of perspective as it applies to feelings, according to which what is closest to us appears to be large and weighty, while size and weight decrease with our distance from things.”
—Friedrich Nietzsche (1844–1900)