CLARIFYING FUNDS STATEMENTS — THE TWO ENTITY TEST
作者:
Jill L. McKinnon,
Carrick A. Martin,
Graham H. Partington,
期刊:
Accounting&Finance
(WILEY Available online 1983)
卷期:
Volume 23,
issue 1
页码: 79-87
ISSN:0810-5391
年代: 1983
DOI:10.1111/j.1467-629X.1983.tb00226.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Abstract:A major shortcoming of the funds statement prepared under a resources concept is that the meaning of the term “resources” is unclear. A transaction test is usually adopted to identify entries involving funds, but it is apparent from published reports and from the Australian profession's recent exposure draft that substantial confusion remains. One response has been to reject the broader concepts in favour of narrower definitions such as cash or working capital. In this article, however, it is argued that an all resources funds statement, properly defined, has an important contribution to make. A “two entity” test is proposed which is claimed to be tighter and closer to the spirit of the original resources concept than the present transacti
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