Greetings dear @amestyj although I am not an expert in the area, I think we should all be aware of this conceptual contribution applied to our everyday life.
As you rightly say "financial statements seek to show real results according to the situation in which the entity is, so it is necessary to take into account that determine whether the company made profits or losses during the period. accounting period" more than applied to companies is ideal to apply it to our rite of life and thus evaluate the efficiency of the process. Thank you for your contribution