CHAPTER 1
Introduction
This section presents the overview of the study, background of the study, aims of the study, statement of the problem, significance of the study, theoretical framework of the study, hypotheses, and definition of key terms.
Background of the study
In 2002, Robert Kiyosaki and Sharon Lechter in some way predicted the current economic downturn. How did they do that? Kiyosaki and Lechter supposed that financial statements of companies reveals not only the importance of accounting and accountabilities, but also is a reflection of the moral fiber of the owner or owners. The figures according to Kiyosaki and Lechter tell the story of the disposition of whoever is in charge of the money. Apparently, the authors could have gathered a clear picture of the country’s financial statement.
At one point, by just looking at the company’s financial statement of his son and nephew Kiyosaki made an uncompromising statement, ‘your company has financial cancer . . . and I’m afraid its terminal. You boys have mismanaged what could have grown into a rich and powerful company’ (Kiyosaki and Lechter, 2002).
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