It also adds that deliberately understating assets or overstating liabilities in one period often leads to overstating financial performance in later periods.
It benefits everyone by fostering a fundamental understating of business, community stakeholders, community collaboration, benefits, and the skills and confidence needed for personal and community success.
Price signals "are not intrinsically always clear"; they can be deceptive, understating or overstating the real situation, or present a completely false picture of transactions and values.
