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Accountants are by nature pessimistic. is it true?

Is the principle of conservatism correct? Is it good to always anticipate a loss and be presently surprised if there is a profit. Is it not undermining the capability of the firm .

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Question added by Subhranshu Ganguly , Quality Analyst. , WIPRO
Date Posted: 2013/10/16
فراس  حجازي
by فراس حجازي , مدير , مديريه الزراعه

NO

yes by accounting conservatism, they should be

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Accounting standards obligate accountants to be conservative, but all in all it is business not social

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