The End of Accounting and the Path Forward for Investors and Managers

In an era marked by rapid technological advancement and evolving business models, traditional accounting practices increasingly struggle to provide a clear and comprehensive picture of a company's value and performance. This challenge is at the heart of the discourse presented by Baruch Lev and Feng Gu, who argue that conventional accounting methods are becoming obsolete and call for a transformative approach to financial reporting that better serves investors and managers alike.

• Traditional accounting fails to capture intangible assets: The authors highlight that balance sheets and income statements largely ignore or undervalue intangible resources...

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