摘要:

This paper examines the conceptual basis underlying the concept of value to the owner and the contributions to the debate by Solomons (1966) and Baxter (1971, 1975). It is argued that the concept is deficient in a number of respects and it is therefore not surprising that it has been rejected by businessmen. The paper argues that the concept is an unnecessary appendage to the case for reporting some form of replacement cost information. The paper then examines the merits and more general limitations of replacement cost data.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00134.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

The Austrian School of economics, with its emphasis on the market as a process and the role of the entrepreneur as the catalyst of that process, sheds new light on the social role of accounting. This paper examines the implications of the School's teachings to financial reporting, including its insistence on relegating accounting to the role of retrospective economic calculation, and the use of current cash equivalents for asset valuation. The Austrian School's replacement of neo‐classical general equilibrium theory with a dynamic model of the market process offers accounting researchers some relief of having to cope with the real world of error, discovery, and disequilibriu

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00135.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

If, as Watts and Zimmerman (1986) suggest, a unique methodological foundation is the hallmark of a mature discipline, accounting fails to qualify. In this article, methodological arguments of accounting theorists in the first part of this century are examined. ‘Pattern Modeling’ is suggested as a basis for methodological appraisal. The conclusion reached is that the major theoretical works in accounting were methodologically unsophisticated‐particularly in comparison with other disciplines such as econ

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00136.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

This study explores accounting for shrinkage in continuous flow industries, an area which has received no attention in the literature, but which appears to present some difficulty to cost accountants in some companies studied. The study presents an appropriate approach for process cost accounting where the materials in process undergo some dimensional transformation but remain measurable in the same physical units as the raw materials. Appropriate formulae are presented to help calculate the equivalent units of finished output that the semi‐processed materials in inventory represent. The initial development assumes a uniform loss rate, an assumption later relaxed to illustrate the solution procedure for non‐uniform loss ra

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00137.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

This paper presents a new ‘matching’ based approach to depreciation that incorporates interest adjustments and generates accounting measurements that are consistent with theex postNet Terminal Values of fixed assets. The method has been developed from the concept of Earned Economic Income by the application of concepts drawn from the existing literature. The calculations and ledger entries involved are illustrated in the appendi

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00138.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

The Australian professional accounting bodies developed their present educational policies during the period prior to 1964 when two major reports were issued. This paper traces the development of those educational policies, but particularly the crystallization of the philosophy underlying the decision of the Australian Society of Accountants to adopt degree level entry in 1965. The Institute of Chartered Accountants followed suit some years later. This signalled the end of the traditional system of part‐time technical training associated with work experience, and established full degree‐level education as a pre‐requisite for professional accoun

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00139.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

Complete membership records of the Institute of Certified Public Accountants in Israel are analysed to determine the level of concentration and growth of the accounting profession. This study differs from previous studies in that it concentrates on the supply side of the market. Previously, because of the unique characteristics of auditing services, they were assumed to have no substitute. An analysis of firm switching by CPAs in Israel indicates the existence of substitutes in production. Low levels of overall concentration were found, although large clients are generally audited by large public accounting firms. The profession appears to be competitive as entry is quite easy and switching between firms by CPAs is common.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00140.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

This paper analyses a controversy between Maimonides and Rabbi Abraham Ben David of Posquierres over the allocation of partnership profits and losses in the absence of a partnership contract. The Maimonidean allocation system depends upon whether the partnership is formed for business or non‐business (consumption) activities. The controversy concerns the notion of indivisibilities in partnership capital. This early debate is analysed in light of the modern—including game‐theoretic—cost allocation lit

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00141.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY

摘要:

Boussard's (1984) notion that Current Cost/Constant Dollar Accounting does not provide ‘meaningful rates of return’ when inflationary conditions are compared with non‐inflationary conditions is based on a misleading ex

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1987.tb00142.x

出版商:Blackwell Publishing Ltd    

年代:1987

数据来源: WILEY