Accounting Policies Distort Corporate Finances, Manipulate Profits
The article discusses how companies create different accounting policies for financial and management purposes, which can lead to distorted results. The focus is on the need for specific accounting policies for management accounting to get detailed information not provided by financial accounting. The main idea is that using the same accounting policy for both systems doesn't work well because they serve different goals. By having separate policies for financial and management accounting, companies can better manage their finances and operations effectively.