The objective of accounting is to ensure that informed judgments are underpinned by numerical financial information. Therefore, the fact that owners and managers do not understand accounting is evidence of failure by the accounting profession in educating and making sure the users of accounting information understand it.
Most business owners and senior managers are geniuses at coming up with great, commercially viable business ideas or growing their businesses, however, they usually capitulate when accounting issues are brought into the mix.
UALR’s College of Business recognized BKD LLP and its staff who are UALR alumni at a luncheon May 8 for the firm’s significant philanthropic support over the last ...