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“Generally accepted accounting principles (GAAP) have been the standard in financial reporting for decades. But has the business world evolved so much that GAAP rules have outlived their usefulness? At least one critic thinks so.
That would be Baruch Lev, the Philip Bardes Professor of Accounting and Finance at New York University Stern School of Business. Professor Lev has been with NYU for 20 years (formerly at Berkeley), and in his current position, he teaches courses in accounting, financial analysis, and investor relations. He co-authored the book, The End of Accounting and the Path Forward for Investors and Managers, with Feng Gu in 2016.”
Read the full article published on Inc.com covering Professor Baruch Lev’s views here. Please leave your comments below.