Introduction: Shareholders Come First, Always and Forever
Welcome, dear reader! Today weβre taking a trip down Accounting Lane, specifically strolling past the gaudy mansion of the proprietary view. Imagine, if you will, that a business is a loyal band and shareholders are the rock stars. Thatβs right! When this view meets accounting, it’s all about throwing the spotlight on our star shareholders. So, tighten those boots, folks! Letβs rock βnβ roll in the world of proprietary view.
Proprietary What? π€
The proprietary view, my inquisitive friend, is an accounting philosophy that underlines the rights and interests of shareholders. Itβs like painting neon signs directing all attention towards the interests of these VIPs. This idea says: *βHey business, you exist primarily for your shareholders!