chapter  8
8 Pages

Concluding Remarks

The last three chapters have presented three apparently radically different concepts of fi nancial reporting. It would not be surprising if this exposition has left the reader thoroughly confused and with many unanswered questions, such as:

What is the particular contribution to justice of each of the three • functions? Must the fi rm prepare three sets of fi nancial statements, one for each • function and each different from the other? Is one of the three functions more important than the other two?• What is the author’s position on these matters?•

In this concluding chapter I seek to answer these questions, with the aim that, by the end of the book, the reader is hopefully less confused and has a clear idea of my position.