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Original Research
Modern financial statements too complicated to managers and laymen: A critical survey
South African Journal of Business Management | Vol 16, No 1 | a1071 |
DOI: https://doi.org/10.4102/sajbm.v16i1.1071
| © 2018 Copyright Status: Not provided. Contact Holding Institution to verify copyright status. Rights Holder: University of Stellenbosch
Submitted: 23 October 2018 | Published: 31 March 1985
Submitted: 23 October 2018 | Published: 31 March 1985
About the author(s)
J. M. Language, Department of Business Management, University of Transkei, South AfricaFull Text:
PDF (910KB)Abstract
This article is an attempt at scrutinizing accounting practice in South Africa. Firstly, the author demonstrates that the Company Law in South Africa is fairly vague regarding the format and formulation of financial statements. Questions regarding the general use of terms, and more specifically 'generally accepted practice', are raised. Finally, the author discusses some unacceptable aspects of recent presentation of accounting statements.
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