Introduction: Shareholders Come First, Always and Forever§
Welcome, dear reader! Today we’re 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. That’s right! When this view meets accounting, it’s all about throwing the spotlight on our star shareholders. So, tighten those boots, folks! Let’s rock ‘n’ roll in the world of proprietary view.
Proprietary What? 🤔§
The proprietary view, my inquisitive friend, is an accounting philosophy that underlines the rights and interests of shareholders. It’s like painting neon signs directing all attention towards the interests of these VIPs. This idea says: *”Hey business, you exist primarily for your shareholders!