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Are we still following traditional methods of accounting ? some books what we learned is older than us ! Do you think this is right ?

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Question added by Feroz K
Date Posted: 2014/05/25
Ibrahim Al - Shabory
by Ibrahim Al - Shabory , Med. Rep. , Asiu Trade

As soon as a better ideas dont show up in the present, we have to work with the traditional.

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Somethings are difficult to change and they are base and so is accounting principles. It will be very difficult to change the methodology of accounting, like physics .

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

Books older than us are almost talking about concepts and basis which are almost constant and don't change. what changes is the way to apply these concepts and the technology used.

Asad zaman
by Asad zaman , Audit/Finance , Rafaqat Baber and co

Basic concepts are same,even if books are older than us

 

Traditional? Does anyone use an abacus? That is just for my interest, apologies!

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