عنوان مقاله [English]
This article argues for the abolition of the practice of
classifying assets and liabilities as current and noncurrent and for
substituting additional disclosure about the attributes of certain
assets and liabilities for it.
The reasons are set forth to explains why the present practice
is not useful in evaluating a company's solvency and recommends
on alternative that would be neither a radical departure from
present disclosure practices nor costly to implement.