Financial accounting can measure the "true value" of a company

Question

Quizplus · Accepted Answer

Financial accounting provides information about the financial position of a company, but it cannot measure the "true value" of a company. The value of a company is subjective and influenced by many factors beyond just its financial statements. Other factors such as the company's reputation, brand recognition, market competition, and intellectual property can also affect its value.

Financial Accounting Can Measure the "True Value" of a Company