Discuss the statement below Published financial statements do not reflect economic reality because t

 
   

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Discuss the statement below

Published financial statements do not reflect economic reality because the statement of profit or loss does not recognise all the gains and losses of a financial period, and the statement of financial position ignores some assets and does not show the true value of others. Consolidated accounts are particularly confusing for users. use a real life company example

overall 1000 words per section of the question needed, do not expect this from whoever answers the question but if you could bullet point enough for me to get to 1000 words. thanks in advance