The Unsolved Problems in Accounting and Finance

Discuss the four (4) unsolved problems in accounting and finance, and explore and analyze the concepts of it.

How can we explain, by use of accounting and finance, the success or failure of new companies and their securities used to raise capital? What risks should a firm take, and how can you justify them through the use of accounting and finance? What are the value of budgets and proforma statements to both accounting and finance? Why are accounting and financial systems so prone to the crisis?