By using distributions, rather than discrete values in accounting and auditing, Confidence Accounting would aid in effective pricing of risk by end-investors, notes a joint paper from ACCA. A joint paper from Associated of Chartered Certified Accountants (ACCA), the Chartered Institute for Securities & Investment and Long Finance titled: “Confidence accounting: a proposal” highlights an alternative approach to reporting assets and liabilities for consideration. Confidence Accounting – A novel proposal ‘Confidence Accounting’ is a term for a proposal to use distributions rather than discrete values in accounting and auditing. The term was coined by Long Finance proponents as part of…
Confidence Accounting: A novel proposal
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports