...is insupportable in light of the vastly different objectives that financial and tax accounting have. The primary goal of financial accounting is to provide...shareholders, creditors, and others properly interested; the major responsibility of the accountant is to protect these parties from being misled. The primary goal...

...is insupportable in light of the vastly different objectives that financial and tax accounting have. The primary goal of financial accounting is to provide...shareholders, creditors, and others properly interested; the major responsibility of the accountant is to protect these parties from being ""I think it is pretty...

...following excerpt from Justice Blackmun's opinion the Court explains why conformity is unsupportable: "The primary goal of financial accounting is to provide...shareholders, creditors, and others properly interested; the major responsibility of the accountant is to protect these parties from being misled. The primary goal...

...interested; the major responsibility of the accountant is to protect these parties from being misled. The primary goal of the income tax system, in contrast, is the equitable collection of revenue; the major responsibility of the Internal Revenue Service is to protect the public fisc. Consistently...

...write-downs of inventory to market." 99 S. Ct. 784. In addition, in the Thor case, the Court stated : "The primary goal of financial accounting is to provide useful information to mmauagement, shareholders, creditors and others properly interested ; the major responsibility of the...

...following excerpt from Justice Blackmun's opinion the Court explains why conformity is unsupportable: "The primary goal of financial accounting is to provide...shareholders, creditors, and others properly interested; the major responsibility of the accountant is to protect these parties from being misled. The primary goal...

...argument unsupportable due to the different objectives of financial and tax accounting. The Court stated: "The primary goal of financial accounting is to provide...shareholders, creditors, and others properly interested; the major responsibility of the accountant is to protect these parties from being misled. The primary goal...

...that the purposes of financial statement reporting and income tax reporting are not the same.6 While the primary goal of financial accounting is to provide...information to management, shareholders, creditors, and other interested parties, the primary goal of the income tax system is the equitable collection of...

...accounting should be in conformity. In Thor Power Tool Co. v. US 439 US 522 (1979), the Court stated: •The primary goal of financial .accounting is to provide useful information to the management, shareholders, creditors, and others properly interested; .. .the primary goal of the...

...accounting should be in conformity. In Thor Power Tool Co. v. US 439 US 522 (1979), the Court stated: "The primary goal of financial accounting is to provide useful information to the management, shareholders, creditors, and others properly interested: . . . the primary goal of...