The accounts of large companies presented by them to their members induce numbers that no single company has ever produced. Instead, the numbers are made up by accountants combining all the accounts of all the companies that the parent company controls. That may work for the shareholders, but in the real world, the risks people take are in trading with the subsidiaries of a company - and large companies should be providing a great deal more information on what they do. Only then can we really appraise what these companies are up to - and where.
ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.
DONATE TO KEEP THIS CHANNEL ADVERT FREE
www.taxresearc...
RICHARD MURPHY ON TWITTER
Follow Richard on his Twitter: twitter.com/RichardJMurphy or on his blog: www.taxresearch...
HIT SUBSCRIBE & GET NOTIFICATIONS
Subscribe and get notified of new videos released.
INTRODUCTION: • Welcome to my channel ...
PLAYLISTS:
Accountancy: • Accounting
Economics: • Economics
Tax: • Tax
Taxing Wealth Report: • Taxing Wealth Report 2024
Green New Deal: • Green New Deal
Money: • Money
Questions from subscribers: • Questions
Miscellaneous: • Miscellaneous
#richardmurphy #richardjmurphy #economy #economics #accountancy #accounting #tax #uktax #ukeconomy #greennewdeal
Негізгі бет Large company accounts are works of fiction
Пікірлер: 93