BP Profit Losses Highlight the Need for Better Business Accounting
Recent reports have drawn attention to the considerable fall in profits suffered by the oil giant BP. Its fourth quarter as in addition to its full-year results have been released, drawing attention to a 51% fall in profits last year to $5.9 billion from $12.1 billion. Such a significant profitfall shows the unpredictability of financial markets and could be seen as a forewarning to other businesses. The scale of the loss and how it was not anticipated by some, speaks...
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