ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00214.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00215.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

All actions and the financial consequences of all actions are uniquely dated. The dates of actions and consequences are essential elements of their description and essential inputs to their understanding. However, in the course of time, the temporal uniqueness of financial events has come to be disregarded in periodical aggregative accounting. To this dereliction is attributable much of the confusion in argument and infelicity in practice that has stultified the striving for a perennially serviceable style of accounting.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00216.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

Walter Mahlberg's inflation‐accounting treatise of 1921,Bilanztechnik und Bewertung bei schwankender Währung, contains the first book‐length price‐level‐adjustment model in the literature. As the title of the book indicates, Mahlberg treated the matter of restatement technique and the matter of asset valuation during inflation as distinct topics. Mahlberg's restatement technique was not without immediate influence in Germany and has been addressed previously in English‐language publications. His valuation theory, on the other hand, had little effect on contemporary developments and remains an anomaly in the literature today. In particular, Mahlberg saw the effect of certain specific price‐level changes—those whose rate of change exceeded general inflation—as giving rise to unavoidable future losses; losses, he maintained, that should be recognized currently. Since Mahlberg's theory is generally unknown outside Germany, the present paper first provides English‐speaking audiences with an explication of the logic that led Mahlberg to his unique conclusion. It then argues that although Mahlberg's valuation theory represents a cul‐de‐sac in the development of inflation accounting itself, it ironically may have contributed to Henry Sweeney's 1936 concept of ‘unrealized appreciation’, which is an early conceptualization of a hold

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00217.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

This study provides empirical evidence on the use of a statement of changes in financial position by financial analysts to interpret and make judgments on information contained in annual reports. Analysts were required to answer five questions developed from claims made in a professional accounting standard about the purpose of the statement of changes in financial position. The results indicate that the statement of changes in financial position does not generally enhance financial analysis.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00218.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

Surveys of business firms in the U.S.A. indicate that standard‐based compensation contracts are common in practice. Analytical studies of this form of contract have suggested that under conditions of state risk, an employee's contract and effort choice are significantly affected by how pay relates to measured performance, and whether the compensation contract filters out the effects on measured performance of factors beyond the employee's control. This paper reports the results of a laboratory experiment indicating that in the presence of state risk, an individual's choice of compensation contract depends jointly on these two contract attributes and his/her risk preference as well as performance capability. The findings also indicate that actual effort is a function of the realized state, the presence/absence of a controllability filter, and the level at which the individual had expected to perform at the time of his/her contract selection. When an adverse state was realized, subjects without a controllability filter still exerted the level of effort that they had expected at contract selection, even though their marginal return to effort had been substantially reduced. On the other hand, when the controllability filter was absent, subjects who had a favourable realized state increased their effort in response to the increased marginal return to effor

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00219.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

This paper examines the attitudes of audit partners in U.S. public accounting firms towards various forms and dimensions of cash flow accounting (CFA), and in part replicates Lee's 1981 study. A total of 800 questionnaires were mailed. Despite the call by some cash flow proponents (i.e., Thomas, 1974) for additional CFA disclosures, the conclusions drawn from this study were that the current historical costs system is, in general, regarded as adequate for evaluating the economic performance of an entity, and there is a perception that publicly disclosed, supplementary cash flow information is not required.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1989.tb00220.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY