Question

What is Optimism in term of accounting? Write its Pros and Cons

Answer 1

Solution Definition of optimism in term of accounting : It is the term o related to the finance where finance optimism is the goal itself. According to financial optimism to tarcast of outcomes for future period. It is an direct Improvement of Shareholders financial condition. There are are moiny pros and cons of optimism. pros : (1) It helps shareholders or owness to Identify their future financial situation.. in It allow them to treat their money & or not in It shows the positive impact on finance iv) It overcomes threads for restors. cons :- To It only shows the positive side dgnore I its negative impact Tun It only tell us financial forecasting a it go ignore other things which are equally essential for business growth.